AmetekAME
Market Cap: $38.9B
About: 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.
Employees: 21,500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
172% more call options, than puts
Call options by funds: $43.5M | Put options by funds: $16M
24% more repeat investments, than reductions
Existing positions increased: 357 | Existing positions reduced: 289
0.5% more ownership
Funds ownership: 87.16% [Q1] → 87.66% (+0.5%) [Q2]
2% less funds holding
Funds holding: 889 [Q1] → 875 (-14) [Q2]
8% less capital invested
Capital invested by funds: $36.8B [Q1] → $33.8B (-$2.98B) [Q2]
12% less funds holding in top 10
Funds holding in top 10: 17 [Q1] → 15 (-2) [Q2]
14% less first-time investments, than exits
New positions opened: 86 | Existing positions closed: 100
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Baird Richard Eastman 56% 1-year accuracy 9 / 16 met price target | 1%downside $166 | Neutral Maintained | 7 Aug 2024 |
TD Cowen Joseph Giordano 37% 1-year accuracy 7 / 19 met price target | 6%downside $158 | Hold Maintained | 5 Aug 2024 |
RBC Capital Deane Dray 61% 1-year accuracy 37 / 61 met price target | 28%upside $215 | Outperform Maintained | 2 Aug 2024 |
Truist Securities Jamie Cook 64% 1-year accuracy 30 / 47 met price target | 20%upside $201 | Buy Maintained | 2 Aug 2024 |
Truist Securities Jamie Cook 64% 1-year accuracy 30 / 47 met price target | 21%upside $204 | Buy Maintained | 2 Jul 2024 |