AMETEK Inc.’s recent filing unveils that its CHIEF ADMINISTRATIVE OFFICER Oscher Ronald J unloaded Company’s shares for reported $0.94 million on Feb 15. In the deal valued at $145.28 per share,6,500 shares were sold. As a result of this transaction, Oscher Ronald J now holds 28,563 shares worth roughly $ 4.03 million.
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Then, McClain Gretchen W sold 2,720 shares, generating $382,486 in total proceeds. Upon selling the shares at $140.62, the Director now owns 14,704 shares.
Before that, Marecic Thomas C sold 100 shares. AMETEK Inc. shares valued at $14,530 were divested by the PRES. – ELECTRONIC INSTRUMENTS at a price of $145.30 per share. As a result of the transaction, Marecic Thomas C now holds 31,622 shares, worth roughly $4.46 million.
Wolfe Research downgraded its AMETEK Inc. [AME] rating to a Peer perform from a an Outperform in a research note published on Friday. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Neutral”. Mizuho began covering AME with “Buy” recommendation on December 17, 2021. Wolfe Research revised its rating on December 14, 2021. It rated AME as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of AME
On Friday, AMETEK Inc. [NYSE:AME] saw its stock fall -1.28% to $140.94. On the same session, the stock had its day’s lowest price of $140.06, but rose to a high of $141.67. Over the last five days, the stock has lost -2.50%. AMETEK Inc. shares have risen nearly 0.87% since the year began. Nevertheless, the stocks have risen 12.96% over the past one year. While a 52-week high of $148.06 was reached on 02/06/23, a 52-week low of $106.17 was recorded on 01/05/23. SMA at 50 days reached $142.60, while 200 days put it at $127.68. A total of 1.12 million shares were traded, compared to the trading of 1.1 million shares in the previous session.
Levels Of Support And Resistance For AME Stock
The 24-hour chart illustrates a support level at 140.11, which if violated will result in even more drops to 139.28. On the upside, there is a resistance level at 141.72. A further resistance level may holdings at 142.50. The Relative Strength Index (RSI) on the 14-day chart is 42.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.00%. Stochastics %K at 16.00% indicates the stock is a buying.
How much short interest is there in AMETEK Inc.?
A steep rise in short interest was recorded in AMETEK Inc. stocks on Jan 30, 2023, dropping by -0.42 million shares to a total of 1.42 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 1.84 million shares. There was a decline of -29.58%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.70% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.5.
AMETEK Inc. [AME] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 24,391,381 shares, or roughly 10.62% of the outstanding AME shares. In other words, the investor’s shares have risen by 316,233 from its previous 13-F filing of 24075148.0. Additionally, BlackRock Fund Advisors increased 2.76% of its stake after which the total value it holdings stand at $1,549,343,923, while SSgA Funds Management, Inc. added 0.41% of its stake to hold $1.29 billion in the firm. Over the last quarter, Massachusetts Financial Services purchased 163,397 shares of AMETEK Inc., while Fidelity Management & Research Co bought 462,113 shares. At present, Alecta Pension Insurance Mutual is holding 4,834,365 shares valued at $700.6 million. AllianceBernstein LP owned 4,797,914 shares of the company at the time of its most recent 13F filing, worth $695.31 million.
The most recent change occurred on November 23, 2021 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $75 price target.