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home / news releases / AME - Ametek Q1 Update: An Acquisitive And Growth Compounder But Looking Expensive

AME - Ametek Q1 Update: An Acquisitive And Growth Compounder But Looking Expensive

AMETEK Inc.

2024-05-05 14:19:47 ET

Summary

  • AMETEK is a quality stock with respectable growth, healthy margins, and a strong balance sheet.
  • Share prices have slightly outpaced fundamentals, and slow organic growth is causing concern among investors.
  • The company's growth primarily comes from acquisitions, and a lack of suitable companies to acquire could hamper future growth.
  • We like the company but everything is already baked into the current share price. We initiate with a Hold rating.

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For further details see:

Ametek Q1 Update: An Acquisitive And Growth Compounder But Looking Expensive
Stock Information
Company Name: AMETEK Inc.
Stock Symbol: AME
Market: NYSE
Website: ametek.com
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