AMETEK president Hermance sells 6,243 shares at $190.99; holds 36,731 post-sale
Hermance David F., President of Electromechanical at AMETEK, executed a sale of 6,243 shares at $190.99 on 2024-11-08, reducing his holdings from 42,974 to 36,731 shares (a 14.5% reduction in position size). The transaction occurred near the stock's 52-week high of $194.00, with the stock up 13.9% over 30 days and 20.1% over 90 days, reflecting strong recent price momentum. As a president-level executive, his position commands attention, but the sale represents a measured reduction of his stake rather than a complete exit, with substantial retained holdings of 36.7K shares in a company posting 7.3% annual revenue growth, a $1.7B quarterly revenue base, and a $44.9B market capitalization.