AMETEK Inc. (AME): Analysis On Industrials Stock

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AMETEK Inc. (NYSE:AME) changes shares on Friday trading session, with a change of -0.75% or -$0.67 shares. The trading starts at $91.05 and closed at $89.20 throughout the day. The trading session low price was $88.06 and day high was $91.10 on Friday, June 19. After the session, the Industrials sector daily volume shifted to 1.86 million while its average volume is 1.61M. In other hand, the AME market cap reached to $20.41B. While, its current target price is $88.53 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 0.99% and up 4.36% for month. Its quarterly performance was 39.70% above, while its half year performance is down -10.54%. AME yearly performance stood at negative -0.06% and fall -11.24% for year-to-date. Current recommendation for AMETEK Inc. is 1.90.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. AME EPS (TTM) for 12-month is 4.08. EPS for this year is 14.00%, while for the next year its value is 4.02. Its EPS Q/Q reached 36.10%. It has an EPS of 9.70% up for past five years and for the next five years will be down -1.20%.

Let’s take a look on the analyst recommendations on AME for the current month and previous month. For the current month, 11 of 16 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 4 as Hold. As compared with the previous month ratings, 16 analysts participate in stock recommendation. Out of 16, 0 rated it sell, 12 rated it as Buy and 3 as Hold Ratings. On the other hand, target price ranges from $84.00-$110.00. Average target price for AME was reached at $95.41.

Vanguard Group, Inc. (The), Blackrock Inc. and FMR, LLC are the top three holders in AMETEK Inc. (AME) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 25.39 million shares which valued 1.83 billion. On Mar 30, 2020, Blackrock Inc. owned 16.19 million shares which valued at 1.17 billion. On Mar 30, 2020, FMR, LLC has a total of 10.75 million shares which valued at 774.15 million. In the end, FMR, LLC have 4.69% shares outstanding of AMETEK Inc. (AME) on Mar 30, 2020. The insider ownership moved to 0.40% and institutional holding shifted to 88.90%.

The company posted an EPS (TTM) of 4.08. According to the most recent quarter report on (Jun 2020), 16 analysts estimated an average EPS of 0.73, while 1.05 EPS posted a year ago period. Analyst Estimated EPS for AME published in the report was 0.65-0.97 during the same period. Comparing with last year, the average estimated EPS was 1.05 which is higher than 1.02 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for AME fall -1.32% for period of 200 days. SMA for 50 days was 4.94% which is showing green signal, while SMA-20 was -2.90%. The moving average value for AMETEK Inc. (AME) is 88.72 and 87.29 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in AME stock. On Jun 03, Kohlhagen Steven W, Director, sold 3,200 trading shares at the cost of $94.92, which valued at 0.3 million. On Jun 03, Jones Timothy N, PRESIDENT – ELECTROMECHANICAL, sold 25,730 shares at the cost of $94.88, with total shares of 39,257. On May 13, AMATO THOMAS A, Director, sold 965 shares at the cost of 79.59. After this transaction, AMATO THOMAS A total shares reached to 8,745 which valued at 76804.0.