AME President of Electronic Instruments sold 16,210 shares for $3.2M at $197.01; held 49,490 shares post-sale
Tony J Ciampitti, President of Electronic Instruments at AMETEK INC, sold 16,210 shares for a total value of $3,193,528.86 at $197.01 on 2024-11-22, reducing his holdings by 24.7% to 49,490 shares. The transaction occurred near the 52-week high of $197.38, with the stock having appreciated 18.1% over the prior 30 days and 17.4% over 90 days. AMETEK trades at a P/E of 34.22 with recent quarterly revenue of $1,708,564,000 and annual revenue growth of 7.3%, indicating the company is valued at a premium multiple. The sale represents a substantial reduction in a named executive's position during a period of strong short-term stock appreciation and elevated valuation.