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Stock News Buzz: AMETEK (NYSE:AME)

AMETEK (NYSE:AME) stock observed trading -4.29% off 52-week high price. On the other end, the stock has been noted 34.54% away from low price over the last 52-weeks. The stock disclosed a move of -0.52% away from 50 day moving average and 9.61% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.27% off 20-day moving average. It has market cap of $19521.35M and dividend yield of 0.66%.

June 17, 2019 AMETEK (NYSE: AME) announced that its Board of Directors has appointed Tod E. Carpenter as a new director of the Company. Mr. Carpenter serves as Chairman, President and Chief Executive Officer of Donaldson Company (NYSE: DCI), a leading worldwide manufacturer of filtration products and solutions that serve a diverse set of markets and applications.

We are excited to welcome Tod to our team as a member of AMETEK’s Board of Directors, comments David A. Zapico, AMETEK Chairman and Chief Executive Officer. Tod is a seasoned operating executive with more than 35 years of global industrial experience. His proven success at Donaldson combined with his outstanding operating expeience nicely complements our already strong Board of Directors.

After joining Donaldson in 1996, Mr. Carpenter held numerous roles with increasing responsibility. In 2008, Mr. Carpenter was named head of Europe and Middle East for Donaldson, and in 2011 he was named Senior Vice President of Donaldson’s Engine Products segment, a role he held until being named Chief Operating Officer in 2014. Mr. Carpenter was appointed President and Chief Executive Officer in 2015 and elected as Chairman of the Board in 2017. Prior to joining Donaldson, Mr. Carpenter spent more than a decade with Hughes Aircraft Company, and later as a consultant for York & Associates. The USA based company AMETEK moved with change of -0.05% to $84.95 with the total traded volume of 13128 shares in recent session versus to an average volume of 1031.29K. The stock was observed in the 5 days activity at -0.91%. The one month performance of stock was -0.91%. AME’s shares are at 5.17% for the quarter and driving a 12.82% return over the course of the past year and is now at 25.54% since this point in 2018.  Right now the stock beta is 1.21. The average volatility for the week and month was at 1.39% and 1.41% respectively. There are 229.69M shares outstanding and 226.77M shares are floated in market.

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