Ametek (AME)

• Market cap: $42.4B
• 1 day: 0.69%
• 5 days: -3.73%
• 1 month: -5.16%
• 3 months: 7.17%
• 6 months: 8.81%
• Year to date: 12.58%
• 1 year: 13.31%
• 5 years: 83.76%
• 10 years: 245.05%
• Sector: Industrials
• Industry: Industrial Instruments for Measurement, Display, and Control

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 Q3 regulatory filings by fund managers ($100M+ AUM)

425% more call options, than puts

Call options by funds: $40M | Put options by funds: $7.63M

11% more first-time investments, than exits

New positions opened: 101 | Existing positions closed: 91

7% more funds holding in top 10

Funds holding in top 10: 15 [Q2] → 16 (+1) [Q3]

1% more funds holding

Funds holding: 884 [Q2] → 894 (+10) [Q3]

5% more repeat investments, than reductions

Existing positions increased: 333 | Existing positions reduced: 317

3% less capital invested

Capital invested by funds: $34.5B [Q2] → $33.4B (-$1.14B) [Q3]

5.48% less ownership

Funds ownership: 89.43% [Q2] → 83.95% (-5.48%) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $186 1% upside
• Avg. target: $209 14% upside
• High target: $225 23% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

B of A Securities Andrew Obin 80% 1-year accuracy 20 / 25 met price target	23% upside $225	Buy Upgraded	16 Dec 2024
Keybanc Steve Barger 27% 1-year accuracy 7 / 26 met price target	17% upside $215	Overweight Maintained	22 Nov 2024
Baird Richard Eastman 65% 1-year accuracy 15 / 23 met price target	1% upside $186	Neutral Maintained	4 Nov 2024
Mizuho Brett Linzey 87% 1-year accuracy 27 / 31 met price target	9% upside $200	Outperform Maintained	1 Nov 2024
Truist Securities Jamie Cook 71% 1-year accuracy 56 / 79 met price target	21% upside $221	Buy Maintained	1 Nov 2024