This overview reveals various events in the performance of
AMETEK, Inc. (AME). In particular, D1 Capital Partners L.P. purchased 464,633 shares while Quantbot Technologies LP, Cerity Partners LLC, and Charles Schwab Investment Management Inc. also increased their positions. Notably, AMETEK's stock has underperformed compared to competitors, but remained favourable among institutional owners holding 88% of the company. Despite earnings meeting expectations, analysts predict a decline. The company has announced the acquisition of
Virtek Vision International. Overall, AMETEK's Q3 earnings beat expectations and its price target was raised to $215 from $205 at KeyBanc, indicating accurate financial prospects. Nevertheless, the company's chief commercial officer sold $1.32 million in stock, causing shares to temporarily trade lower. Based on its strong Q3 results, AMETEK's stock is urged to hold strong with limited upside due to possible headwinds. A dividend of $0.28 per share for the fourth quarter has been announced.
Ametek AME News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Fri, 29 Nov 2024 12:52:52 GMT -
Rating 5
- Innovation -3
- Information 7
- Rumor -1
