Ametek ( AME) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day down 0.6%. By the end of trading, Ametek rose 84 cents (1.7%) to $50.88 on heavy volume. Throughout the day, 1.1 million shares of Ametek exchanged hands as compared to its average daily volume of 635,100 shares. The stock ranged in a price between $49.31-$50.93 after having opened the day at $49.69 as compared to the previous trading day's close of $50.04. Other companies within the Industrial Goods sector that increased today were: Broadwind Energy ( BWEN), up 11.8%, Goldfield ( GV), up 9.9%, Sun Hydraulics ( SNHY), up 8.2%, and Skyline Corporation ( SKY), up 7%. 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 $8.06 billion and is part of the industrial industry. The company has a P/E ratio of 20.1, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 18.9% year to date as of the close of trading on Monday. 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 buy. 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 notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.
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