A Director at Ametek (NYSE: AME) is Selling Shares

By Carrie Williams

Yesterday, a Director at Ametek (AMEResearch Report), Elizebeth Varet, sold shares of AME for $96.5K.

In addition to Elizebeth Varet, 7 other AME executives reported Sell trades in the last month.

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Based on Ametek’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.28 billion and quarterly net profit of $221 million. In comparison, last year the company earned revenue of $1.19 billion and had a net profit of $191 million. The company has a one-year high of $97.30 and a one-year low of $63.14. AME’s market cap is $21.99B and the company has a P/E ratio of 26.03.

The insider sentiment on Ametek has been negative according to 111 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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AMETEK, Inc. engages in the manufacture of electronic instruments and electromechanical devices. It operates through the following two segments: Electronic Instruments and Electromechanical. The Electronic Instruments segment designs and manufactures advanced instruments for the process, aerospace, power and industrial markets.