Analyst Expects Ametek Inc (NYSE: AME) To Make Big Moves

After Hours

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Stocks Info

As a NYSE listed company, AME falls under the Industrials sector while operating within the Specialty Industrial Machinery industry segment. At the end of the last regular session, the stock closed at $167.44 and fluctuated between $168.54 as its day high and $164.66 as its day low. The current market capitalization of Ametek Inc is $38.65B. A total of 1.29 million shares were traded on the day, compared to an average of 943.86K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, AME has seen 1 BUY and 3 SELL insider trades, representing the acquisition of 362 and the disposition of 1,057 shares. Over the last 12 months, there were 61 BUYs and 53 SELLs from insiders. Insiders purchased 207,156 shares during that period but sold 121,923.

In the most recent transaction, ZAPICO DAVID A sold 75,876 shares of AME for 161.43 per share on Dec 13. After the transaction, the CHIEF EXECUTIVE OFFICER now owns 296,479 company shares. In a previous transaction on Nov 14, Kohlhagen Steven W sold 810 shares at 155.09 per share. AME shares that Director owns now total 29,454.

Among the insiders who sold shares, Kohlhagen Steven W disposed of 1,645 shares on Sep 14 at a per-share price of $152.74. This resulted in the Director holding 30,264 shares of AME after the transaction. In another insider transaction, Burke William Joseph sold 33,930 shares at $160.29 per share on Aug 31. Company shares held by the Executive VP – CFO now total 101,937.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Ametek Inc pays an annual dividend of $1.00, resulting in a dividend yield of 0.60%, and it has a price to earnings (P/E) ratio of 30.32. AME’s most recent ex-dividend date was 12/7/2023 when it declared a $0.25 quarterly dividend that was paid in cash on 12/22/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 9/13/2023. The AME stock dividend was $0.25 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for AME in the last 3 months, the mean price target is $180.64 with high estimates of $209.00 and low estimates of $160.00. In terms of 52-week highs and lows, AME has a high of $166.65 and a low of $131.52.

As of this writing, AME has an earnings estimate of $1.63 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $1.67 per share and a lower estimate of $1.55. The company reported an EPS of $1.57 in the last quarter, which was 4.00% higher than expectations of $1.51.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. AME’s latest balance sheet shows that the firm has $346.77M in Cash & Short Term Investments as of fiscal 2021. There were $2.72B in debt and $1.56B in liabilities at the time. Its Book Value Per Share was $36.15, while its Total Shareholder’s Equity was $6.87B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AME is Buy with a score of 4.18.

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