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Ametek Inc.

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AMETEK is riding on robust organic growth and its well performing segments. Moreover, benefits from acquisitions are acting as tailwinds. The buyouts of Arizona Instrument, Motec and Soundcom are aiding growth of the company’s Electronic Instruments segment. Further, the FMH Aerospace acquisition is driving sales in the Electromechanical unit. We believe proper execution of core growth strategies like operational excellence, global market expansion, investments in product development and strategic acquisitions will continue to aid AMETEK’s top-line growth. Notably, the stock has outperformed the industry it belongs to over a year. However, integration issues and an overly high goodwill associated with an aggressive acquisition strategy are concerns. Moreover, foreign exchange fluctuation is a headwind.

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