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AME Ametek

AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with 2019 sales of approximately $5.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P 500.

Company profile

Ticker
AME
Exchange
Website
CEO
David Zapico
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
141682544

AME stock data

(
)

Calendar

18 Feb 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Ametek earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.21B 1.21B 1.21B 1.21B 1.21B 1.21B
Cash burn (monthly) 30.67M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 105.62M n/a n/a n/a n/a n/a
Cash remaining 1.11B n/a n/a n/a n/a n/a
Runway (months of cash) 36.1 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Mar 21 Oscher Ronald J Common Stock Sell Dispose S No No 126.7742 13,000 1.65M 30,550
29 Mar 21 Oscher Ronald J Common Stock Option exercise Aquire M No No 46.96 13,000 610.48K 43,550
29 Mar 21 Oscher Ronald J Stock Option Common Stock Option exercise Dispose M No No 46.96 13,000 610.48K 13,680
26 Mar 21 Marecic Thomas C Common Stock Sell Dispose S No No 125.97 12,925 1.63M 27,406
26 Mar 21 Marecic Thomas C Common Stock Sell Dispose S No No 125.16 6,315 790.39K 40,331
26 Mar 21 Marecic Thomas C Common Stock Option exercise Aquire M No No 52.27 19,240 1.01M 46,646
26 Mar 21 Marecic Thomas C Stock Option Common Stock Option exercise Dispose M No No 52.27 19,240 1.01M 0
25 Mar 21 Conti Anthony James Common Stock Sell Dispose S No No 121.4301 740 89.86K 24,798
25 Mar 21 Conti Anthony James Common Stock Option exercise Aquire M No No 53.13 740 39.32K 25,538
25 Mar 21 Conti Anthony James Stock Option Common Stock Option exercise Dispose M No No 53.13 740 39.32K 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

86.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 666 626 +6.4%
Opened positions 91 59 +54.2%
Closed positions 51 54 -5.6%
Increased positions 223 200 +11.5%
Reduced positions 244 252 -3.2%
13F shares
Current Prev Q Change
Total value 24.15B 19.58B +23.3%
Total shares 199.71M 196.97M +1.4%
Total puts 73.2K 74.3K -1.5%
Total calls 125.9K 130.4K -3.5%
Total put/call ratio 0.6 0.6 +2.0%
Largest owners
Shares Value Change
Vanguard 24.02M $2.91B -1.6%
BLK Blackrock 15.33M $1.85B -3.7%
FMR 11.41M $1.38B +11.3%
STT State Street 9.33M $1.13B -0.2%
Massachusetts Financial Services 8.09M $977.87M +16.6%
JPM JPMorgan Chase & Co. 5.47M $662.02M +12.3%
American Century Companies 4.32M $521.9M +0.6%
Mawer Investment Management 3.89M $469.9M +4.3%
Alecta Pensionsforsakring, Omsesidigt 3.88M $464.86M +27.3%
Geode Capital Management 3.8M $458.59M +1.8%
Largest transactions
Shares Bought/sold Change
Norges Bank 2.18M +2.18M NEW
FMR 11.41M +1.16M +11.3%
Massachusetts Financial Services 8.09M +1.15M +16.6%
Boston Partners 3.38M -982.14K -22.5%
1832 Asset Management 935.14K +935.14K NEW
Alecta Pensionsforsakring, Omsesidigt 3.88M +831.37K +27.3%
Capital International Investors 2.55M +755.66K +42.2%
Point72 Asset Management 9.9K -617.25K -98.4%
Southpoint Capital Advisors 0 -600K EXIT
JPM JPMorgan Chase & Co. 5.47M +598.83K +12.3%

Financial report summary

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Risks
  • The coronavirus global pandemic could have a material adverse effect on our ability to operate, results of operations, financial condition, liquidity and ability to consummate future acquisitions.
  • A downturn in the economy generally or in the markets we serve could adversely affect our business.
  • Our growth could suffer if the markets into which we sell our products and services decline, do not grow as anticipated or experience cyclicality.
  • We may not properly execute, or realize anticipated cost savings or benefits from, our Operational Excellence initiatives.
  • Foreign and domestic economic, political, legal, compliance and business factors could negatively affect our international sales and operations.
  • Our international sales and operations may be adversely impacted by compliance with export laws.
  • Our reputation, ability to do business and financial statements may be impaired by improper conduct by any of our employees, agents or business partners.
  • Any inability to hire, train and retain a sufficient number of skilled officers and other employees could impede our ability to compete successfully.
  • If we are unable to develop new products on a timely basis, it could adversely affect our business and prospects.
  • Our technology is important to our success and our failure to protect this technology could put us at a competitive disadvantage.
  • A disruption in, shortage of, or price increases for, supply of our components and raw materials may adversely impact our operations.
  • We are subject to numerous governmental regulations, which may be burdensome or lead to significant costs.
  • We operate in highly competitive industries, which may adversely affect our results of operations or ability to expand our business.
  • Our business and financial performance could be adversely impacted by a significant disruption in, or breach in security of, our information technology systems.
  • Our growth strategy includes strategic acquisitions. We may not be able to consummate future acquisitions or successfully integrate recent and future acquisitions.
  • The indemnification provisions of acquisition agreements by which we have acquired companies may not fully protect us and as a result we may face unexpected liabilities.
  • Certain environmental risks may cause us to be liable for costs associated with hazardous or toxic substance clean-up which may adversely affect our financial condition.
  • We are subject to a variety of litigation and other legal and regulatory proceedings in the course of our business that could adversely affect our financial statements.
  • Restrictions contained in our revolving credit facility and other debt agreements may limit our ability to incur additional indebtedness.
  • Our goodwill and other intangible assets represent a substantial proportion of our total assets and the impairment of such substantial goodwill and intangible assets could have a negative impact on our financial condition and results of operations.
Management Discussion
  • Annual Report on Form 10-K for the fiscal year ended December 31, 2019, filed with the Securities and Exchange Commission on February 20, 2020.
  • Net sales for 2020 were $4,540.0 million, a decrease of $618.6 million or 12.0%, compared with net sales of $5,158.6 million in 2019. The decrease in net sales for 2019 was due to a 13% organic sales decline driven by a weak economy as a result of the COVID-19 pandemic, an unfavorable 3% from the Reading divestiture, partially offset by a 4% increase from acquisitions. EIG net sales were $2,989.9 million in 2020, a decrease of 10.0%, compared with $3,322.9 million in 2019. EMG net sales were $1,550.1 million in 2020, a decrease of 15.6%, compared with $1,835.7 million in 2019.
  • Total international sales for 2020 were $2,209.9 million or 48.7% of net sales, a decrease of $265.0 million or 10.7%, compared with international sales of $2,474.9 million or 48.0% of net sales in 2019. The decrease in international sales was primarily driven by lower sales in Europe as a result of the COVID-19 pandemic. Export shipments from the United States, which are included in total international sales, were $1,196.4 million in 2020, a decrease of $109.8 million or 8.4%, compared with $1,306.2 million in 2019.
Content analysis
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