Ametek Inc. (AME): Today's Featured Industrial Winner
(
) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day down 0.8%. By the end of trading, Ametek rose 32 cents (0.6%) to $50.71 on heavy volume. Throughout the day, 1.5 million shares of Ametek exchanged hands as compared to its average daily volume of 693,800 shares. The stock ranged in a price between $49.97-$50.95 after having opened the day at $50.30 as compared to the previous trading day's close of $50.39. Other companies within the Industrial industry that increased today were:
(
), up 11.6%,
(
), up 10.4%,
(
), up 8.5%, and
(
), up 7.9%.
AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group and Electromechanical Group. Ametek has a market cap of $8.09 billion and is part of the
sector. The company has a P/E ratio of 20.2, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 19.7% year to date as of the close of trading on Wednesday. Currently there are nine analysts that rate Ametek a buy, no analysts rate it a sell, and three rate it a hold.
TheStreet Ratings rates Ametek as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Ametek Ratings Report.
On the negative front,
(
), down 10.5%,
(
), down 10.3%,
(
), down 10.1%, and
Wowjoint Holdings
(
BWOW
), down 8%, were all losers within the industrial industry with
(
) being today's industrial industry loser.
- Use our industrial section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider
SPDR Dow Jones Industrial Average
(
) while those bearish on the industrial industry could consider
ProShares UltraShort Industrials
(
).
- Find other investment ideas from our top rated ETFs lists.
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