Ametek Inc/ (AME) Files Form 4 Insider Selling : James R Malone Sells 1,350 Shares

Ametek Inc/ (AME): James R Malone , director of Ametek Inc/ sold 1,350 shares on May 27, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $47.83 per share for a total value of $64,577.11 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 18, 2016, James R Malone (director) sold 1,100 shares at $46.93 per share price.On Apr 6, 2016, Charles D Klein (director) sold 20,000 shares at $48.90 per share price.Also, On Mar 15, 2016, Dennis K Williams (director) sold 8,820 shares at $48.46 per share price.On Mar 14, 2016, Steven W Kohlhagen (director) sold 1,500 shares at $47.77 per share price.

AMETEK: On Friday, May 27, 2016 heightened volatility was witnessed in AMETEK which led to swings in the share price. The shares opened for trading at $47.91 and hit $47.97 on the upside , eventually ending the session at $47.83, with a gain of 0.06% or 0.03 points. The heightened volatility saw the trading volume jump to 6,45,292 shares. The 52-week high of the share price is $57.67 and the company has a market cap of $11,164 M . The 52-week low of the share price is at $42.82.

AMETEK Money Flow Index Chart

On May 5, 2016, AMETEK announced a cash dividend of $0.0900. The company’s management has announced Jun 14, 2016 as the ex-dividend date and fixed the record date on Jun 16, 2016. The payable date has been fixed on Jun 30, 2016.

Company has been under the radar of several Street Analysts.AMETEK is Downgraded by Robert W. Baird to Neutral and the brokerage firm has raised the Price Target to $ 51 from a previous price target of $49 .Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 29, 2016.

AMETEK Inc. (AMETEK) is a manufacturer of electronic instruments and electromechanical devices with operations in North America Europe Asia and South America. AMETEK markets and sells its products through two groups: Electronic Instruments (EIG) and Electromechanical (EMG). The Company’s EIG segment designs and manufactures advanced instruments for the process aerospace power and industrial markets. It offers process control instruments for the oil and gas petrochemical pharmaceutical semiconductor and factory automation industries. The Company’s EMG segment offers electrical connectors and electronics packaging used in aerospace and defense medical and industrial applications as well as its advanced technical motor and motion control products which are used in a range of medical devices office and business equipment factory automation robotics and other applications.

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