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Steven W. Kohlhagen, a director at AMETEK Inc. (NYSE:AME), a $43 billion industrial technology company with strong financial health according to InvestingPro, has sold a portion of his common stock holdings in the company. According to a recent SEC filing, Kohlhagen disposed of 1,320 shares on March 3, 2025. The shares were sold at prices ranging from $189.32 to $189.62, culminating in a total transaction value of $250,027. Following this sale, Kohlhagen retains ownership of 22,029 shares in AMETEK. The transaction occurs as the stock trades near its 52-week high of $198.33, with InvestingPro analysis indicating the stock is currently overvalued. Want deeper insights into insider transactions and 13 additional ProTips? Explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, AMETEK Inc. reported its fourth-quarter 2024 earnings, revealing record sales and earnings per share (EPS) that exceeded analysts’ expectations. The company achieved an EPS of $1.87, surpassing the forecast of $1.85, although revenue was slightly below the expected $1.82 billion at $1.76 billion. In a strategic move, AMETEK announced an 11% increase in its quarterly dividend and a new $1.25 billion share repurchase authorization, replacing the previous $1 billion plan. Additionally, DA Davidson raised its price target for AMETEK to $210, maintaining a Buy rating, reflecting optimism in the company’s growth potential. AMETEK also appointed Isabel S. Wells as Vice President, Information Technology and Chief Information Officer, bringing over two decades of technology leadership experience. These developments underscore AMETEK’s focus on enhancing shareholder value and strengthening its leadership team. The company’s financial strategy remains robust, with a strong balance sheet supporting potential mergers and acquisitions.
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