Report
Keith Schoonmaker, CFA
EUR 101.80 For Business Accounts Only

Deal discipline plus focus on differentiated technology should support superior returns for Ametek.

We’re increasing our fair value estimate for narrow-moat Ametek to $57 from $55 per share, due primarily to time value of money since our last update. Ametek reported a strong finish to 2017, with fourth-quarter revenue increasing 17% year over year to $1.14 billion, or 9% when excluding the impact of acquisitions and foreign exchange. The Electronic Instruments Group (EIG) reported 9% organic sales growth in the quarter, as demand for specialized research instrumentation drove above-segment org...
Provider
Morningstar
Morningstar

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.

Analysts
Keith Schoonmaker, CFA

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