AMETEK Inc Executive VP - CFO William Burke Sells 23,410 Shares
On February 14, 2024, William Burke, Executive VP - CFO of AMETEK Inc (NYSE:AME), executed a sale of 23,410 shares in the company. The transaction was filed with the SEC and can be found through this SEC Filing.
AMETEK Inc is a global manufacturer of electronic instruments and electromechanical devices with a broad range of products that are used in a variety of applications. The company operates through two business segments: Electronic Instruments Group (EIG) and Electromechanical Group (EMG). AMETEK's products are marketed worldwide through a network of manufacturing facilities, sales offices, service centers, and distributors.
Over the past year, the insider has sold a total of 57,340 shares and has not made any purchases. The recent sale by the insider is part of a trend observed over the past year, where there have been no insider buys and 15 insider sells for AMETEK Inc.
On the day of the sale, shares of AMETEK Inc were trading at $168.61, resulting in a market capitalization of $40,098.96 million. The price-earnings ratio of the stock stands at 30.64, which is above both the industry median of 20.745 and the historical median price-earnings ratio for the company.
The stock's price-to-GF-Value ratio is 1.02, indicating that AMETEK Inc is considered Fairly Valued according to the GF Value. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on the company's past performance, and future business performance estimates from Morningstar analysts.
Investors and analysts often monitor insider transactions as they can provide insights into a company's internal perspective on the stock's valuation and future prospects. The recent insider activity at AMETEK Inc may prompt stakeholders to take a closer look at the company's financial health and market position.
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.
This article first appeared on GuruFocus.
