AMETEK, Inc. (AME) With $75.63 Price Forms Wedge Up Pattern

April 16, 2018 - By Matthew Medley

AMETEK, Inc. (NYSE:AME) Corporate Logo

Big Money Sentiment increased to 1.29 in Q4 2017. It has change of 0.09, from 2017Q3’s 1.2. The ratio is positive due to AMETEK, Inc. positioning: 30 sold and 150 reduced. 69 funds took positions and 163 increased positions. Investors holded 192.13 million in 2017Q3 but now own 192.20 million shares or 0.03% more.
Schaper Benz Wise Invest Counsel Wi accumulated 109,475 shs. Millennium Limited Com has invested 0.08% in AMETEK, Inc. (NYSE:AME). Commerce Natl Bank owns 0.03% invested in AMETEK, Inc. (NYSE:AME) for 28,468 shs. Eqis Cap has 0.09% invested in AMETEK, Inc. (NYSE:AME). Mutual Of Omaha Bancshares Wealth Mngmt has invested 0.26% in AMETEK, Inc. (NYSE:AME). Hanson Mcclain Inc invested in 3 shs. Vanguard Grp owns 23.18M shs. Etrade Capital Llc invested in 5,015 shs or 0.01% of the stock. Jones Lllp accumulated 4,694 shs. Gam Ag owns 14,737 shs. Gulf Savings Bank (Uk) Ltd reported 70,570 shs or 0.06% of all its holdings. Mai Mgmt, Ohio-based fund reported 21,504 shs. Harvey Lc holds 0.33% of its capital in AMETEK, Inc. (NYSE:AME) for 24,774 shs. Sit Invest stated it has 24,000 shs. 9,801 were accumulated by Glg Limited Company.

AMETEK, Inc. had 13 sales and 0 insider purchases since December 11, 2017. This’s net activity of $9.09 million. $233,700 worth of AMETEK, Inc. (NYSE:AME) was sold by VARET ELIZEBETH R on Friday, March 16. On Monday, December 11 ZAPICO DAVID A had sold 25,965 shs worth $1.86 million. Oscher Ronald J sold $1.13M worth of AMETEK, Inc. (NYSE:AME) or 14,976 shs on Thursday, February 15. 16,368 shs valued at $1.26 million were sold by EGINTON WILLIAM D on Monday, February 5. 25,965 shs were sold by Hardin John Wesley, worth $2.04M. Shares for $309,672 were sold by WILLIAMS DENNIS K.

The up wedge technical pattern that AMETEK, Inc. (AME) has has $82.44 PT or 9.00 % above today’s $75.63 price per share. At our $82.44 PT, the company worth will be $1.58B more.

On during the last trading session the stock increased $0.69 or 0.92%, reaching $75.63.AMETEK, Inc. has volume of 45,792 shares. Since April 16, 2017 AME has risen 40.32% and is uptrending. AME outperformed by 28.77% the S&P 500.

Analysts await AMETEK, Inc. (NYSE:AME) to report earnings on May, 1. They expect $0.72 EPS, up 20.00 % or $0.12 from last year’s $0.6 per share. AME’s profit will be $166.71M for 26.26 P/E if the $0.72 EPS becomes a reality. After $0.70 actual EPS reported by AMETEK, Inc. for the previous quarter, Wall Street now forecasts 2.86 % EPS growth.

AMETEK, Inc. (NYSE:AME) Ratings Coverage

Total analysts of 9 have positions in Ametek Inc (NYSE:AME) as follows: 9 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. The firm has $92.0 highest while $66.0 is the lowest [Target]. The average target $83.78 is 10.78% above the last ($75.63) price. Since October 26, 2017 according to StockzIntelligence Inc Ametek Inc has 21 analyst reports. On Friday, November 3 the stock has “Equal-Weight” rating by Morgan Stanley. On Wednesday, February 7 Morgan Stanley maintained the shares of AME in report with “Overweight” rating. On Thursday, December 21 Cowen & Co maintained AMETEK, Inc. (NYSE:AME) with “Buy” rating. On Thursday, February 1 Stifel Nicolaus maintained AMETEK, Inc. (NYSE:AME) with “Buy” rating. The company rating was maintained by RBC Capital Markets on Thursday, November 2. In Thursday, January 18 report KeyBanc Capital Markets maintained the stock with “Buy” rating. On Thursday, January 18 the firm has “Buy” rating by Wells Fargo given. On Thursday, October 26 the stock has “Buy” rating by Cowen & Co. On Tuesday, April 3 Stifel Nicolaus maintained the shares of AME in report with “Buy” rating. On Friday, January 19 the firm earned “Buy” rating by Stifel Nicolaus.

AMETEK, Inc. (NYSE:AME) Institutional Investors Chart

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