Avantax Advisory Services, Robeco Institutional Asset Management, and Panagora Asset Management have reduced their stakes in
AMETEK, Inc. Meanwhile,
Beacon Pointe Advisors, Principal Securities, and Private Advisor Group have increased their shares in the company. AMETEK has seen substantial
earnings growth, surpassing estimates in the first and fourth quarters and showings signs of a sustained growth model. However, AMETEK is considered
expensive despite financial excellence and low valuation risk. The stock's
performance is strong, outperforming market on some days. However, despite a consensus of 'Moderate Buy', it underperformed competitors on a particular day. Insiders, including
Directors Thomas Amato and Steven Kohlhagen, and
EVP - CFO William Burke have sold shares. AMETEK recently announced a
dividend increase of 12%. The company also appointed
Patrick L. Williams to lead its MRO Division and elevated
Dalip Puri to Senior Vice President of Operational Finance. The company has made acquisitive moves, including the purchase of
Paragon Medical in a $1.9 billion deal. AMETEK also acquired
United Electronic Industries and MontCo-based
Amplifier Research, and established a partnership with
SYSGO.
Ametek AME News Analytics from Mon, 26 Oct 2020 07:00:00 GMT to Sun, 26 May 2024 19:04:04 GMT -
Rating 3
- Innovation -2
- Information 7
- Rumor -5
