AMETEK Inc. (NYSE:AME) traded today at a new 52-week high of $141.88. Approximately 335,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.
AMETEK Inc. (NYSE:AME) is currently priced 0.4% above its average consensus analyst price target of $139.87.
In the past 52 weeks, shares of AMETEK Inc. have traded between a low of $103.07 and a high of $141.88 and is now at $140.42, which is 36% above that low price.
Ametek is a diversified industrial conglomerate with about $4.5 billion in sales. The firm operates through two segments: electronic instruments, or EIG, and electromechanical, or EMG. EIG designs and manufactures differentiated and advanced instruments for the process, aerospace, power, and industrial end markets. EMG is a focused, niche supplier of highly engineered automation solutions, thermal management systems, specialty metals, and electrical interconnects, among other products. About half 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.
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