The following ratings changes were generated on Wednesday, Dec. 24.
We've downgraded Ametek(AME Quote), which manufactures and markets electronic instruments and electromechanical devices, from buy to hold. Strengths include its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, we also find weaknesses including a decline in the stock price during the past year and poor profit margins.
Return on equity has improved slightly since the same quarter a year ago, outperforming the S&P 500 but underperforming the electrical equipment industry. Ametek's gross profit margin of 33.1% is low, though it has increased since the same period last year. Its net profit margin of 11% trails the industry average. ...
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