Ametek Inc. (AME): Today's Featured Industrial Goods Winner

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 0.2%. By the end of trading, Ametek rose 34 cents (1.1%) to $32.55 on light volume. Throughout the day, 816,864 shares of Ametek exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in a price between $31.86-$32.59 after having opened the day at $32.04 as compared to the previous trading day's close of $32.21. Other companies within the Industrial Goods sector that increased today were: eMagin Corporation ( EMAN), up 17.3%, Energy Solutions ( ES), up 14.8%, Gafisa ( GFA), up 14.4%, and Xinyuan Real Estate ( XIN), up 13.9%.

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 $7.82 billion and is part of the industrial industry. The company has a P/E ratio of 18.5, below the average industrial industry P/E ratio of 20.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 14.9% year to date as of the close of trading on Thursday. Currently there are eight 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 revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, THT Heat Transfer Technology ( THTI), down 14.6%, Casella Waste Systems ( CWST), down 8.8%, NF Energy Saving ( NFEC), down 8.3%, and Bonso Electronics International ( BNSO), down 8%, were all laggards within the industrial goods sector with KB Home ( KBH) being today's industrial goods sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).
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