Oppenheimer Maintains AMETEK to Outperform with Price Target $54.00

Brokerage firm Oppenheimer Maintains its rating on AMETEK(NYSE:AME). In a research note issued to the investors, the brokerage major Lowers the price-target to $54.00 per share. The shares have been rated Outperform. The rating by Oppenheimer was issued on Aug 5, 2016.

AMETEK (AME) remained unchanged at the close of Wednesday session. Even as the volume increased to 13,83,393 ,the shares failed to make any impression and ended at 0 points or 0.00% at $48.38. The trading session commenced at $48.41 and the stock hit a high of $48.51 and touched $48.13 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $57.67 and the 52-week low is $42.82. The company has a market cap of $11,244 M and has approximately 23,24,19,110 outstanding shares.

AMETEK has also declared a cash dividend of $0.0900 on Aug 4, 2016. The shares will quote ex-dividend on Sep 14, 2016 and the record date has been fixed on Sep 16, 2016. The dividend payable date has been fixed on Sep 30, 2016.

AMETEK(AME) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $977.71M. Analysts had an estimated revenue of $986.35M. Earnings per share were $0.59. Analysts had estimated an EPS of $0.59.

Several Insider Transactions has been reported to the SEC. On Jul 7, 2016, Thomas C Marecic (PRES. – ELECTRONIC INSTRUMENTS) sold 6,500 shares at $44.89 per share price.Also, On Jul 1, 2016, John Wesley Hardin (PRES. – ELECTRONIC INSTRUMENTS) sold 3,000 shares at $46.03 per share price.On May 31, 2016, James R Malone (director) sold 1,350 shares at $47.83 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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