Ametek Posts Solid 4Q Performance That Exceeds Our Expectations
Narrow-moat-rated Ametek had a great fourth quarter and close of 2018, with sales and net income handily beating our expectations for the year. While we may make slight adjustments in our model to the upside for 2019, we don’t plan on materially changing our $63 fair value estimate. The company gave recent guidance heading into next year, including full-year diluted GAAP EPS of $3.52-$3.62 and first-quarter sales (including acquisitions) rising in the high single digits year over year on a GAAP ...AMETEK is a manufacturer of electronic instruments and electromechanical devices. Electronic Instruments operating group is engaged in the design and manufacture of analytical, test and measurement instruments for the process, aerospace, medical, research, power and industrial markets. This segment includes process and analytical instrumentation markets and products, and aerospace and power instrumentation markets and products. Electromechanical operating group is engaged in supplying automation solutions, thermal management systems, metals and electrical interconnects. This segment includes automation and engineered solutions markets and products; and aerospace markets and products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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