John Hardin Insider Sell Transaction
A calculated and judicious move was made by the PRES. – ELECTRONIC INSTRUMENTS of AMETEK, Inc. (NYSE:AME)
55.38 0.00 0.00%
, Mr. John Hardin, yesterday, when he sold number of company shares – 23,480, amounting to $1,296,472 US Dollars, based on a stock price of $55.2 of a share. Mr. John now has rights to 16,695 shares, accounting for 0.01% of the Company’s market capitalization.
Ametek Inc Stock Rating, Sentiment and Fundamentals
It is difficult to make conclusions about Ametek Inc’s future just from John Hardin’s sale because in this filing, the insider also revealed option transactions. In the form, it was reported that John exercised options for 23,480 shares with average price 14.5, worth 341,348. According to figures from fourteen analysts, Ametek Inc will have earnings per share of $2.59 and forward price to earnings ratio of 21.36 this year. Their expectations put the year over year earnings per share growth rate at 12.20%.
Rating & Sentiment
PsychSignal Social:
BUY
Analysts Rating:
BUY
Hedge Funds Sentiment:
NEUTRAL
Stock Fundamentals
Earnings + FCF Trend:
BUY
Sector/Industry Macro:
BULLISH
Valuation Models:
-
Technical Analysis
ST Trend:
UP
MT Trend:
UP
LT Trend:
UP
OctaFinance Rating*:
NEUTRAL
* Read How Our Stock Ratings System Works
Ametek Inc’s stock is in a bullish trend, increasing about 10.74% in the last 200 days. According to our popular time momentum system as displayed on the chart below and considering the fact that John Hardin has unloaded shares for such a large sum, we rate this stock “NEUTRAL”.
Price Chart of Ametek NYSE:AME Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
As the best Bruce Kovner, one of the best money-making machine, said, best money is made through a combination of fundamental and technical analysis. But as our analysis says, this is not evidently with Ametek Inc. The deal took place on May 18, 2015 and was disclosed inside a filing at the SEC’s website.
Hedge Funds Ownership
Information from Q4 2014 SEC 13F filings, show 402 institutional investors own Ametek Inc. In the last quarter, this company had 88.43% institutional ownership. That is a very high interest. Its up 0.54% from Q3 2014. These institutional players and asset managers increased the total shares they own by 1.15 million to 213.59 million this quarter. There were 47 funds that closed their positions and 176 that reduced them. A total of 33 funds opened new positions in Ametek Inc and 125 increased their holdings.
Among the shareholders of this stock are seven hedge funds, that are having it in their Top 10 stock portfolios. These are: Columbia Wanger Asset Management Llc, Lateef Investment Management L.P., Mountain Pacific Investment Advisers Inc Id, Capital Investment Services Of America Inc., Lombard Odier Transatlantic Limited Partnership, Eulav Asset Management, Northstar Asset Management Llc.
Columbia Wanger Asset Management Llc is the most bullish institutional investor on Ametek Inc, with ownership of 9.94 million shares as of Q4 2014 for 2.59% of the fund’s portfolio. Lateef Investment Management L.P. is another bullish player possessing 6.76 million shares of the company or 6.81% of their stocks portfolio. The stock is also 5.95% of the fund’s AUM. Mountain Pacific Investment Advisers Inc Id have 3.88% of their stock portfolio invested in the company for 608,303 shares. Further, Capital Investment Services Of America Inc. disclosed it had acquired a stake worth 2.99% of the fund’s stock portfolio in the company. The Quebec – Canada-based fund Lombard Odier Transatlantic Limited Partnership was also a notable believer in the public company, with ownership of 71,700 shares. Ametek Inc is 3.46% of the fund’s stock portfolio.
AMETEK NYSE:AME Company Profile
AMETEK, Inc. (AMETEK) is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. AMETEK markets and sells its products through two groups: Electronic Instruments (EIG) and Electromechanical (EMG). The Company’s EIG segment designs and manufactures advanced instruments for the process, aerospace, power and industrial markets. It offers process control instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor and factory automation industries. The Company’s EMG segment offers electrical connectors and electronics packaging used in aerospace and defense, medical and industrial applications, as well as its advanced technical motor and motion control products, which are used in a range of medical devices, office and business equipment, factory automation, robotics and other applications.
Now its market capitalization is: $13.35 billion and it has 241.06 million outstanding shares. As of writing the company has 90.47% shareholders and the institutional ownership is 90.47%. This company has 15400 employees. Ametek Inc was founded in Delaware on 1986-05-08. The stock closed at $55.38 yesterday and it had average 2 days volume of 488629 shares. It is up from the 30 days average shares volume of 320934. Ametek Inc has a 52w low of $45.15 and a 52w high of $55.45. The current price is above the 200 days simple moving average. Ametek Inc last issued its quarterly earnings report on 04/29/2015. The company reported 0.63 EPS for the quarter, same as the consensus estimate of 0.63 . The company had a revenue of 984.06 million for 3/31/2015 and 1.02 billion for 12/31/2014. Therefore, the revenue was -40,084,000 down.
* The shares were sold at prices ranging from $55.175 to $55.30 per share. Upon request by the SEC staff – the issuer – or any security holder of the issuer – the reporting person will provide information regarding the number of shares sold at each separate price.
* The stock options will become exercisable in four equal annual installments beginning on April 23 – 2010.
* The stock options will become exercisable in four equal annual installments beginning on April 29 – 2011.
* The stock options will become exercisable in four equal installments beginning on May 3 – 2012.
* The stock options will become exercisable in four equal installments beginning on May 1 – 2013.
* The stock options will become exercisable in four equal annual installments beginning on May 8 – 2014.
* The stock options will become exercisable in four equal annual installments beginning on May 8 – 2015.
* The stock options will become exercisable in four equal annual installments beginning on May 6 – 2016.
The post John Hardin an Insider in AMETEK, Inc. (NYSE:AME) Unloaded 23,480 Shares of the Company appeared first on Octafinance.