AMETEK Inc's Chief Commercial Officer Emanuela Speranza Sells Company Shares
Emanuela Speranza, Chief Commercial Officer of AMETEK Inc, executed a sale of 2,909 shares in the company on February 15, 2024, as reported in a recent SEC Filing.
AMETEK Inc is a global manufacturer of electronic instruments and electromechanical devices with a broad range of products that include analytical instruments, monitoring, calibration, and display devices. 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 5,994 shares and has not made any purchases of the company's stock. The recent transaction is part of a series of sales by the insider, indicating a trend of the insider reducing their stake in the company.
The insider transaction history for AMETEK Inc shows a pattern of insider sales, with 16 insider sells and no insider buys over the past year.
On the valuation front, AMETEK Inc's shares were trading at $171.73 on the day of the insider's sale, resulting in a market capitalization of $40.133 billion. The price-earnings ratio of the stock stands at 30.67, which is above both the industry median of 20.7 and the company's historical median price-earnings ratio.
According to the GuruFocus Value chart, with a stock price of $171.73 and a GF Value of $164.61, AMETEK Inc is considered to be Fairly Valued, with a price-to-GF-Value ratio of 1.04.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
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.
