AMETEK Inc. (NYSE:AME) traded at a new 52-week high today of $146.63. So far today approximately 100,000 shares have been exchanged, as compared to an average 30-day volume of 919,000 shares.
AMETEK Inc. (NYSE:AME) defies analysts with a current price ($146.19) 7.9% above its average consensus price target of $134.59.
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.
In the past 52 weeks, shares of AMETEK Inc. have traded between a low of $106.96 and a high of $146.63 and is now at $146.19, which is 37% above that low price.
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