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Ametek Inc.

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AMETEK is a leading manufacturer of electronic appliances and electromechanical devices. Year to date, the stock has underperformed the Zacks characterised Electronic Test Equipment market. While the company’s third quarter earnings surpassed the Zacks Consensus Estimate, the top line missed the same. The company continues to see solid growth across its Ultra Precision Technologies business. This, in combination with a strong portfolio of differentiated businesses, is expected to help the company to post better results, going forward. However, the weakness in its balance sheet, integration issues and an overly high goodwill associated with an extremely aggressive acquisition strategy are the concerns. Foreign exchange headwinds are also a drawback.

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