AMETEK Inc. has been active in the financial market with various developments. Investments are being made into the company with Opal Wealth Advisors LLC, SG Americas Securities LLC, QRG Capital Management Inc., Annex Advisory Services LLC, Cwm LLC, and Tidal Investments LLC boosting their stakes.
Quarterly dividends have been declared with a
value of $0.28.
Q2 results have been better than expected with sales rise. There have been some management changes with appointment of
Rob Rideout Jr. as Vice President, Strategic Procurement and
Vinatha Nathan as Vice President and General Manager, Measurement, Communications & Testing (MCT) Division. However, in a bearish move, the company's
price target has been lowered to $166.00 and $158.00 by different entities. The latest US$4.4b market cap drop may result in institutional owners taking severe actions. Nonetheless, AMETEK continues to show strong growth potential with a
104% gain if invested five years ago.
Ametek AME News Analytics from Tue, 06 Feb 2024 08:00:00 GMT to Sun, 11 Aug 2024 16:35:43 GMT -
Rating -2
- Innovation 3
- Information 7
- Rumor -5
