AME - AMETEK Board Member Trades $187K In Company Stock | Benzinga
A significant insider buy by Marie Karleen Oberton, Board Member at AMETEK (NYSE:AME), was executed on March 20, and reported in the recent SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Oberton purchased 1,030 shares of AMETEK. The total transaction amounted to $187,387.
In the Thursday's morning session, AMETEK's shares are currently trading at $185.68, experiencing a up of 0.8%.
Unveiling the Story Behind AMETEK
Ametek Inc is a diversified industrial conglomerate with over $6 billion in sales. The firm operates through an electronic instruments group and an electromechanical group. EIG designs and manufactures differentiated and advanced instruments for the process, aerospace, power, and industrial end markets, and generates major revenue. EMG is a focused, niche supplier of highly engineered automation solutions, thermal management systems, specialty metals, and electrical interconnects, among other products. The majority of the firm's sales are made in the United States. The firm's asset-light strategy in place for nearly two decades emphasizes growth through acquisitions, new product development through research and development, driving operational efficiencies, and global and market expansion.
A Deep Dive into AMETEK's Financials
Revenue Growth: AMETEK's remarkable performance in 3 ...