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Thomas Amato, a director at AMETEK Inc. (NYSE:AME), a $39.4 billion market cap company with strong financial health according to InvestingPro analysis, sold 710 shares of the company’s common stock on March 27, 2025, according to a recent SEC filing. The shares were sold at a price of $176.64 each, amounting to a total transaction value of $125,414. Following this sale, Amato retains ownership of 10,560 shares in the company. This transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission. The stock, which analysts rate as a "Buy" with targets ranging from $158 to $225, currently appears fairly valued based on InvestingPro’s Fair Value model. InvestingPro subscribers can access 12 additional key insights about AMETEK’s valuation and growth prospects.
In other recent news, AMETEK Inc. reported its fourth-quarter 2024 earnings with record sales and earnings per share (EPS) that exceeded analyst expectations. The company’s EPS reached $1.87, surpassing the forecast of $1.85, while revenue was $1.76 billion, falling short of the anticipated $1.82 billion. Despite the revenue miss, AMETEK emphasized its strong international growth, particularly in Asia and Europe, and continued investment in growth and innovation. In other developments, AMETEK announced an 11% increase in its quarterly dividend and a $1.25 billion share repurchase authorization, replacing a previous plan. Additionally, DA Davidson raised its price target for AMETEK to $210, maintaining a Buy rating, citing easing challenges in the company’s Electronic Instruments Group and Electromechanical Group segments. AMETEK also appointed Isabel S. Wells as Vice President and Chief Information Officer, bringing her extensive technology leadership experience to the company. These recent developments reflect AMETEK’s strategic focus on enhancing shareholder value and expanding its market presence.
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