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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Ametek ( AME) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day down 0.4%. By the end of trading, Ametek rose $1.14 (2.6%) to $45.57 on heavy volume. Throughout the day, 4,176,761 shares of Ametek exchanged hands as compared to its average daily volume of 1,049,700 shares. The stock ranged in a price between $45.17-$47.00 after having opened the day at $45.72 as compared to the previous trading day's close of $44.43. Other companies within the Industrial industry that increased today were: China Recycling Energy Corporation ( CREG), up 12.6%, Hollysys Automation Technologies ( HOLI), up 10.6%, MFRI ( MFRI), up 10.3% and Arotech Corporation ( ARTX), up 9.6%.

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 $10.8 billion and is part of the technology sector. Shares are up 17.9% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Ametek a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Ametek as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Wowjoint Holdings ( BWOW), down 20.7%, ExOne ( XONE), down 11.3%, IntriCon Corporation ( IIN), down 8.3% and Stratasys ( SSYS), down 5.0% , were all laggards within the industrial industry with Deere ( DE) being today's industrial industry laggard.

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 ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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