AMETEK, Inc. (NYSE:AME), saw one of its top insiders lower their stake in the company through two transactions filed today, August 8th. Director Steven W. Kohlhagen sold a total of 6,951 shares at average prices ranging from $50.85 to $51.2 per share. Following the completion of this transaction, Kohlhagen holds 47,165 shares directly in the company.
A $12.7 billion market cap corporation, AMETEK, Inc. (NYSE:AME) is a global manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company markets its products worldwide through two groups: the Electronic Instruments Group (EIG) and the Electromechanical Group (EMG). EIG builds monitoring, testing, calibration and display devices for the process, aerospace, industrial, power and medical markets. EMG produces engineered electromechanical connectors for hermetic (moisture-proof) applications, specialty metals for niche markets and brushless air-moving motors, blowers and heat exchangers.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.