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The electromechanical devices company reported on Jan. 26 fourth-quarter earnings of $101.9 million, or 64 cents a share, up from year-ago earnings of $81.2 million, or 51 cents.
"In 2012, the company plans to invest about $35 million in growth-oriented activities," Gabelli analysts wrote in a March 7 report. "R&D spending is expected to increase about 13%, over last year, focused heavily on the CRIB (China, Russia, India and Brazil) countries. Similar investments resulted in an 18% increase in orders in 4Q11 and could increase more with the additional investments."
Forward Annual Dividend Yield: 0.5%
Rated "A+ (Buy)" by TheStreet Ratings: The company's fourth-quarter earnings increased from the previous year.
Ametek has weak liquidity. Its Quick Ratio is 0.98, which demonstrates a lack of ability to meet its short-term cash needs.
In the fourth quarter, stockholders' net worth increased 15.63% from the prior year.
TheStreet Ratings' price target is
$54.87. The stock closed Monday at $48.19 and has risen 14.47% year to date.
-- Written by Alexandra Zendrian
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