AMETEK, a multinational manufacturer of electronic instruments and electromechanical devices, has seen various investment groups and banks increasing their stock holdings. Significant growth in stock positions can be seen with Czech National Bank, Rhumbline Advisers, GAMMA Investing LLC, Unigestion Holding SA, 111 Capital, and Chancellor Financial Group WB LP. Conversely, some holdings, such as L. Roy Papp & Associates LLP and iSAM Funds UK Ltd, have been trimmed. Their Q1 results show
Margin Expansion offsetting flat revenue, due to tariff uncertainties. A substantial deal worth $920M for the acquisition of
FARO Technologies, a 3D measurement (metrology) company, was announced. It appears that some shareholders are feeling restless over AMETEK's P/E ratio, with Jim Cramer’s opinion on the stock also being retrospectively questioned. While it has been a turbulent period with a 10% fall in shares, amid escalating trade tensions, AMETEK manages to maintain strong support with 88% institutional backing. As for future projections, AMETEK has declared its Q1 2025 results date, with the market watching closely for revenue growth amidst global trade challenges.
Ametek AME News Analytics from Sun, 20 Oct 2024 07:18:38 GMT to Sat, 07 Jun 2025 06:00:50 GMT -
Rating 5
- Innovation 0
- Information 6
- Rumor 2
