What’s Propelling AMETEK, Inc. (AME) to Reach 52-Week High?

January 21, 2018 - By Marguerite Chambers

Investors sentiment increased to 1.2 in Q3 2017. Its up 0.21, from 0.99 in 2017Q2. It is positive, as 27 investors sold AMETEK, Inc. shares while 146 reduced holdings. 56 funds opened positions while 151 raised stakes. 192.13 million shares or 2.08% less from 196.23 million shares in 2017Q2 were reported.
Robeco Institutional Asset Bv holds 0.01% or 16,618 shares. Moreover, Cleararc Inc has 0.06% invested in AMETEK, Inc. (NYSE:AME) for 5,938 shares. 536,921 were reported by Credit Suisse Ag. Smithfield Tru Communications owns 1,250 shares for 0.01% of their portfolio. Charter holds 0.03% or 3,701 shares. Moreover, Bancorp Of Nova Scotia Tru has 0.01% invested in AMETEK, Inc. (NYSE:AME). Paloma Prns Mgmt Co accumulated 0.02% or 25,113 shares. Pnc Financial Services Gru has invested 0.01% in AMETEK, Inc. (NYSE:AME). Invesco Ltd has invested 0.02% in AMETEK, Inc. (NYSE:AME). Aviva Public Limited Co invested 0.05% in AMETEK, Inc. (NYSE:AME). Montag And Caldwell Limited Liability Company owns 7,062 shares or 0.01% of their US portfolio. M&T National Bank & Trust Corp holds 0.01% of its portfolio in AMETEK, Inc. (NYSE:AME) for 33,326 shares. New York-based Ibm Retirement Fund has invested 0.04% in AMETEK, Inc. (NYSE:AME). 1.05M were accumulated by Victory. Morgan Dempsey Management Ltd Llc owns 2,371 shares.

Since August 4, 2017, it had 0 buys, and 7 sales for $13.35 million activity. $198,912 worth of stock was sold by VARET ELIZEBETH R on Tuesday, October 3. HERMANCE FRANK S also sold $10.01 million worth of AMETEK, Inc. (NYSE:AME) shares. MONTGOMERY THOMAS M also sold $96,740 worth of AMETEK, Inc. (NYSE:AME) shares. 25,965 shares were sold by ZAPICO DAVID A, worth $1.86 million on Monday, December 11. Shares for $167,726 were sold by Hardin John Wesley on Friday, August 4.

The stock of AMETEK, Inc. (NYSE:AME) hit a new 52-week high and has $83.91 target or 9.00 % above today’s $76.98 share price. The 9 months bullish chart indicates low risk for the $17.79 billion company. The 1-year high was reported on Jan, 21 by Barchart.com. If the $83.91 price target is reached, the company will be worth $1.60B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.20% or $0.91 during the last trading session, reaching $76.98. About 1.65 million shares traded or 27.99% up from the average. AMETEK, Inc. (NYSE:AME) has risen 27.71% since January 21, 2017 and is uptrending. It has outperformed by 11.01% the S&P500.

Analysts await AMETEK, Inc. (NYSE:AME) to report earnings on February, 6. They expect $0.67 EPS, up 15.52 % or $0.09 from last year’s $0.58 per share. AME’s profit will be $154.85 million for 28.72 P/E if the $0.67 EPS becomes a reality. After $0.66 actual EPS reported by AMETEK, Inc. for the previous quarter, Wall Street now forecasts 1.52 % EPS growth.

AMETEK, Inc. (NYSE:AME) Ratings Coverage

Among 13 analysts covering AMETEK (NYSE:AME), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. AMETEK has $88.0 highest and $30 lowest target. $71.83’s average target is -6.69% below currents $76.98 stock price. AMETEK had 53 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of AMETEK, Inc. (NYSE:AME) earned “Outperform” rating by BMO Capital Markets on Tuesday, April 5. As per Friday, January 19, the company rating was maintained by Stifel Nicolaus. The firm has “Neutral” rating by Robert W. Baird given on Friday, April 29. Jefferies maintained the stock with “Buy” rating in Tuesday, August 9 report. The stock of AMETEK, Inc. (NYSE:AME) has “Buy” rating given on Wednesday, August 2 by Stifel Nicolaus. BMO Capital Markets maintained AMETEK, Inc. (NYSE:AME) on Thursday, August 3 with “Outperform” rating. The company was maintained on Thursday, December 21 by Cowen & Co. The firm earned “Buy” rating on Monday, June 5 by RBC Capital Markets. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, June 27. The firm has “Buy” rating by RBC Capital Markets given on Friday, September 15.

Another recent and important AMETEK, Inc. (NYSE:AME) news was published by Streetinsider.com which published an article titled: “Form 4 AMETEK INC/ For: Jan 17 Filed by: McClain Gretchen W” on January 02, 2018.

AMETEK, Inc. manufactures electronic instruments and electromechanical devices worldwide. The company has market cap of $17.79 billion. The Company’s Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, and automation markets; instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets; and vision systems to inspect surfaces. It has a 32.36 P/E ratio. This segment also provides aircraft and engine sensors, monitoring systems, power instruments, data acquisition units, and fuel and fluid measurement systems for the aerospace industry; power quality monitoring and metering devices, industrial battery chargers, uninterruptible power supplies, programmable power and electrical test equipment, and gas turbine sensors; and dashboard instruments for heavy trucks and other vehicles, as well as timing controls and cooking computers for the food service industry.

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