On September 25, 2024, Steven Kohlhagen, a Director at AMETEK Inc (AME, Financial), sold 1,460 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 23,349 shares of AMETEK Inc.
AMETEK Inc is a leading global manufacturer of electronic instruments and electromechanical devices with a wide range of applications. The company's products are marketed in various sectors, including aerospace, power, and industrial markets.
Over the past year, Steven Kohlhagen has sold a total of 7,945 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 14 insider sells and no insider buys over the past year.
Shares of AMETEK Inc were trading at $171.59 on the day of the transaction. The company currently has a market cap of approximately $39.82 billion. The price-earnings ratio of the stock stands at 29.96, which is above both the industry median of 22.19 and the company's historical median.
The stock's valuation according to the GF Value is $165.59, leading to a price-to-GF-Value ratio of 1.04, indicating that the stock is Fairly Valued.
This insider sale comes at a time when the stock is perceived as fairly valued based on GuruFocus's proprietary GF Value. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
For more detailed information on AMETEK Inc's financial performance and stock valuation, investors and analysts are encouraged to review the company's public filings and market performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
