Ametek Reports Very Strong 1Q Results Thanks to Broad-Based Organic Revenue Growth
Narrow-moat-rated Ametek posted very strong first-quarter results May 2, and management increased its outlook for the year. We are increasing our fair value estimate to $59 per share from $57 to account for this optimism, which we believe is justified. Organic sales growth was well ahead of our near-term expectations, at 8% overall. We don’t believe this level of performance is sustainable. Even so, given the strong outlook for the year and the robust backlog that management spelled out in its p...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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