AME Stock Summary and Trading Ideas (Ametek | NYSE:AME)

Founded in 1930 and transformed over the decades through the acquisition of dozens of esteemed brands, Ametek owns a collection of over 40 autonomous industrial businesses operating within the research, aerospace, energy, medical, and manufacturing industries. Ametek segments its business into two operating groups: the electronic instruments group (EIG) and electromechanical group (EMG). EIG sells a broad portfolio of analytical, test, and measurement instruments, while EMG sells highly engineered components, interconnects, and specialty metals. The company emphasizes product differentiation and market leadership in the niche markets where it operates.

Ametek trades on the NYSE stock market under the symbol AME.

As of January 29, 2025, AME stock price declined to $182.52 with 703,803 million shares trading.

AME has a beta of 0.76, meaning it tends to be less sensitive to market movements. AME has a correlation of 0.20 to the broad based SPY ETF.

AME has a market cap of $42.25 billion. This is considered a Large Cap stock.

Last quarter Ametek reported $2 billion in Revenue and $1.66 earnings per share. This fell short of revenue expectation by $-1 million and exceeded earnings estimates by $.04.

In the last 3 years, AME traded as high as $198.33 and as low as $106.17.

The top ETF exchange traded funds that AME belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

AME has underperformed the market in the last year with a price return of +12.3% while the SPY ETF gained +24.9%. However, in the short term, AME had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.8% vs +4.0% return in SPY. But in the last 2 weeks, AME shares have been beat by the market, returning +1.9% compared to an SPY return of +3.4%.

AME support price is $180.69 and resistance is $185.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AME shares will trade within this expected range on the day.