AMETEK (AME) insiders have sold stock worth $1.4m. The firm recently initiated a $2.3 billion commercial paper program while its stock status was also raised to a 'Buy' rating by StockNews.com. Further, it was found that AMETEK's returns on capital have decelerated. The firm also saw an investment of $999,000 from Everence Capital Management Inc., suggesting market interest. Despite being downgraded to 'Hold' at StockNews.com, a bull's case theory exists for AMETEK. Q3 earnings revealed that it surpassed both revenue and earnings estimates. The firm recently acquired Virtek Vision International, and JPMorgan Chase & Co and Dudley & Shanley Inc. increased their AMETEK holdings. The firm's Q3 performance was in line with expectations. The stock outperformed even after some losses. However, AMETEK shares traded lower at one point, which gave rise to speculation about its market status. Seaport Res Ptn provided both positive and negative outlooks for AMETEK's earnings. Furthermore, AMETEK's Q3 earnings call underlined a strong performance amidst organic sales. The company has higher institutional ownership favoring it. Also, it's also been discussed whether AMETEK is performing finer than the industrial sector.
Ametek AME News Analytics from Sun, 07 Jun 2015 16:50:07 GMT to Sat, 11 Jan 2025 14:02:23 GMT -
Rating 4
- Innovation 3
- Information 5
- Rumor -1
