AME - Director At AMETEK Sells $248K Of Stock | Benzinga
Steven Kohlhagen, Director at AMETEK (NYSE:AME), executed a substantial insider sell on March 27, according to an SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, Kohlhagen sold 1,365 shares of AMETEK. The total transaction value is $248,727.
The latest market snapshot at Thursday morning reveals AMETEK shares down by 0.23%, trading at $183.3.
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 displayed positive results in 3 months. As of 31 December, 2023, the company achieved a ...