AMETEK, Inc. (NYSE:AME) has displayed an impressive performance in the past five years, rewarding its investors with a gain of 104%. Despite some investors and asset managers including
Parallel Advisors LLC, TD Asset Management Inc, Allianz Asset Management GmbH, Avantax Advisory Services Inc, and Robeco Institutional Asset Management B.V. reducing their stakes, others continue to have faith in the strong momentum of AMETEK's stock. New position-takers include
D.A. Davidson & CO., Advisory Services Network LLC, Portfolio Design Labs LLC, Orion Portfolio Solutions LLC, Beacon Pointe Advisors LLC, and Principal Securities Inc. The efficiency of AMETEK's management has led to surpassing previous earnings estimates with strong fundamentals, despite a few instances of missing expectations. The firm's Q3 and Q4 expectations were surrounded by anticipation and speculation. Notably, AMETEK appointed a new director,
Tod E. Carpenter, and has multiplied its strength by appointing more executives, including Patrick Williams, Daniel J. Ketchum, Lori Kieklak, Jose Munoz, and others. The firm has embarked on major acquisitions, incorporating Amplifier Research and Rugged-Systems Producer Abaco, amongst others, boosting its segment strength. However, AMETEK's proclivity towards debt and the slowing rates of return have jarred investor sentiments.
Ametek AME News Analytics from Thu, 22 Nov 2018 08:00:00 GMT to Sun, 02 Jun 2024 16:32:12 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor -2
