The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
Ametek Inc (NYSE: AME) closed the day trading at $168.05 up 0.89% from the previous closing price of $166.56. In other words, the price has increased by $0.89 from its previous closing price. On the day, 1.45 million shares were traded. AME stock price reached its highest trading level at $169.23 during the session, while it also had its lowest trading level at $166.92.
Ratios:
For a better understanding of AME, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 104.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.08. For the most recent quarter (mrq), Quick Ratio is recorded 0.66 and its Current Ratio is at 1.11. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.23.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Truist on March 14, 2024, initiated with a Buy rating and assigned the stock a target price of $210.
On November 27, 2023, TD Cowen Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $165 to $160.
On October 05, 2023, Exane BNP Paribas started tracking the stock assigning a Neutral rating and target price of $159.Exane BNP Paribas initiated its Neutral rating on October 05, 2023, with a $159 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 26 ’24 when Kohlhagen Steven W sold 1,365 shares for $182.22 per share. The transaction valued at 248,728 led to the insider holds 27,719 shares of the business.
AMATO THOMAS A sold 780 shares of AME for $141,960 on Mar 26 ’24. The Director now owns 10,240 shares after completing the transaction at $182.00 per share. On Mar 21 ’24, another insider, Burke William Joseph, who serves as the Executive VP – CFO of the company, sold 27,400 shares for $185.05 each. As a result, the insider received 5,070,375 and left with 106,512 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AME now has a Market Capitalization of 38898532352 and an Enterprise Value of 41691746304. As of this moment, Ametek’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.53, and their Forward P/E ratio for the next fiscal year is 22.48. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.77 while its Price-to-Book (P/B) ratio in mrq is 4.34. Its current Enterprise Value per Revenue stands at 6.189 whereas that against EBITDA is 20.104.
Stock Price History:
Over the past 52 weeks, AME has reached a high of $186.32, while it has fallen to a 52-week low of $136.89. The 50-Day Moving Average of the stock is -6.40%, while the 200-Day Moving Average is calculated to be 3.42%.
Shares Statistics:
Over the past 3-months, AME traded about 1.00M shares per day on average, while over the past 10 days, AME traded about 1180480 shares per day. A total of 230.93M shares are outstanding, with a floating share count of 230.37M. Insiders hold about 0.47% of the company’s shares, while institutions hold 89.02% stake in the company. Shares short for AME as of 1713139200 were 2504233 with a Short Ratio of 2.50, compared to 1710460800 on 2939578. Therefore, it implies a Short% of Shares Outstanding of 2504233 and a Short% of Float of 1.2200001.
Dividends & Splits
AME’s forward annual dividend rate is 1.03, up from 1.03 a year ago. Against a Trailing Annual Dividend Yield of 0.0061839577The stock’s 5-year Average Dividend Yield is 0.63.
