AMETEK Inc. (NYSE:AME) traded today at a new 52-week high of $145.06. Approximately 314,000 shares have changed hands today, as compared to an average 30-day volume of 947,000 shares.
AMETEK Inc. share prices have moved between a 52-week high of $145.06 and a 52-week low of $106.96 and are now trading 34% above that low price at $143.46 per share.
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.
AMETEK Inc. (NYSE:AME) is currently priced 4.9% above its average consensus analyst price target of $136.47.
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