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
Industry (SIC)
Fortive • Roper • Sensata Technologies Holding • Keysight • Danaher • MKS Instruments • Cognex • Rudolph • Hurco Companies • Sypris Solutions ...
SEC CIK
Corporate docs
IRS number
141682544
AME stock data
()
News
Keybanc Maintains Overweight on AMETEK, Raises Price Target to $141
13 Apr 21
Stocks That Hit 52-Week Highs On Monday
12 Apr 21
Morgan Stanley Maintains Overweight on AMETEK, Raises Price Target to $135
12 Apr 21
Stocks That Hit 52-Week Highs On Tuesday
6 Apr 21
Stocks That Hit 52-Week Highs On Monday
5 Apr 21
Press releases
AMETEK Announces Three Acquisitions
29 Mar 21
AMETEK Announces Agreement to Acquire Abaco Systems
22 Mar 21
Water Quality Platform Backed by KKR and XPV Water Partners Unveils Axius Water Brand and Appoints Two Industry Experts to Board of Directors
18 Feb 21
Gabelli Funds to Host 31st Annual Pump, Valve, and Water Systems Symposium
Virtual – Thursday, February 25, 2021
16 Feb 21
AMETEK Increases Quarterly Dividend
11 Feb 21
Calendar
18 Feb 21
13 Apr 21
31 Dec 21
Financial summary
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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 |
Recent insider trades
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 |
Institutional ownership Q4 2020
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 |
---|---|
Total holders | 666 |
Opened positions | 91 |
Closed positions | 51 |
Increased positions | 223 |
Reduced positions | 244 |
13F shares |
Current |
---|---|
Total value | 24.15B |
Total shares | 199.71M |
Total puts | 73.2K |
Total calls | 125.9K |
Total put/call ratio | 0.6 |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 24.02M | $2.91B |
BLK Blackrock | 15.33M | $1.85B |
FMR | 11.41M | $1.38B |
STT State Street | 9.33M | $1.13B |
Massachusetts Financial Services | 8.09M | $977.87M |
JPM JPMorgan Chase & Co. | 5.47M | $662.02M |
American Century Companies | 4.32M | $521.9M |
Mawer Investment Management | 3.89M | $469.9M |
Alecta Pensionsforsakring, Omsesidigt | 3.88M | $464.86M |
Geode Capital Management | 3.8M | $458.59M |
Financial report summary
?Competition
Esterline TechnologiesRisks
- 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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New words:
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Removed:
achievement, analyzer, approach, Arizona, billed, cameca, camera, Codification, commonly, complement, creating, doubtful, East, entitled, existed, extraordinary, fewer, field, finalizing, handled, identification, India, individually, interim, intersegment, July, launched, length, LLC, Middle, MOCON, moisture, noncontributory, noncurrent, nonemployee, nonqualified, nonvested, optical, package, pertinent, postemployment, practical, probabilistic, probe, Rauland, rebalanced, release, reserved, retrospectively, rounding, seasonal, shipped, Supplementary, territorial, ultraprecision, variability, wholly
Financial reports
10-K
2020 FY
Annual report
18 Feb 21
10-Q
2020 Q3
Quarterly report
29 Oct 20
10-Q
2020 Q2
Quarterly report
4 Aug 20
10-Q
2020 Q1
Quarterly report
5 May 20
10-K
2019 FY
Annual report
20 Feb 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
2 Aug 19
10-Q
2019 Q1
Quarterly report
2 May 19
10-K
2018 FY
Annual report
21 Feb 19
10-Q
2018 Q3
Quarterly report
2 Nov 18
Current reports
8-K
AMETEK Announces Three Acquisitions
29 Mar 21
8-K
AMETEK Announces Agreement to Acquire Abaco Systems
22 Mar 21
8-K
AMETEK Announces Appointment of Karleen Oberton to Board of Directors
11 Feb 21
8-K
AMETEK Announces Fourth Quarter and Full Year Results
4 Feb 21
8-K
AMETEK Announces Third Quarter Results and Provides Fourth Quarter 2020 Guidance
29 Oct 20
8-K
AMETEK Announces Second Quarter Results
4 Aug 20
8-K
Submission of Matters to a Vote of Security Holders
7 May 20
8-K
AMETEK Announces First Quarter Results
5 May 20
8-K
AMETEK ProvidesCOVID-19 Business Update and Announces First Quarter 2020 Earnings Call and Webcast Date
16 Apr 20
8-K
AMETEK Completes Sale of Reading Alloys to Kymera International
23 Mar 20
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
19 May 20
S-8 POS
Registration of securities for employees (post-effective amendment)
8 May 20
S-8
Registration of securities for employees
8 May 20
25-NSE
Exchange delisting
17 Jul 17
S-8
Registration of securities for employees
29 Nov 16
15-12B
Securities registration termination
16 Mar 16
15-12B
Securities registration termination
18 Nov 15
15-12B
Securities registration termination
24 Aug 11
S-8
Registration of securities for employees
4 Aug 11
S-8
Registration of securities for employees
5 May 11
Proxies
DEFA14A
Additional proxy soliciting materials
15 Mar 21
DEF 14A
Definitive proxy
15 Mar 21
DEF 14A
Definitive proxy
24 Mar 20
DEF 14A
Definitive proxy
12 Mar 19
PRE 14A
Preliminary proxy
27 Feb 19
DEF 14A
Definitive proxy
25 Mar 18
DEF 14A
Definitive proxy
26 Mar 17
DEF 14A
Definitive proxy
17 Mar 16
DEF 14A
Definitive proxy
22 Mar 15
DEF 14A
Definitive proxy
23 Mar 14
Other
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
28 May 19
SD
Conflict minerals disclosure
24 May 18
SD
Conflict minerals disclosure
29 May 17
SD
Conflict minerals disclosure
26 May 16
UPLOAD
Letter from SEC
1 Sep 15
CORRESP
Correspondence with SEC
25 Aug 15
UPLOAD
Letter from SEC
17 Aug 15
SD
Conflict minerals disclosure
28 May 15
SD
Conflict minerals disclosure
28 May 14
Ownership
4
AMETEK / Ronald J Oscher ownership change
30 Mar 21
4
AMETEK / Thomas C Marecic ownership change
29 Mar 21
4
AMETEK / Anthony James Conti ownership change
25 Mar 21
4
AMETEK / Timothy N Jones ownership change
23 Mar 21
4
AMETEK / John Wesley Hardin ownership change
23 Mar 21
4
AMETEK / WILLIAM D EGINTON ownership change
23 Mar 21
4
AMETEK / TONY J CIAMPITTI ownership change
23 Mar 21
4
AMETEK / William Joseph Burke ownership change
23 Mar 21
4
AMETEK / DAVID A ZAPICO ownership change
23 Mar 21
4
AMETEK / Thomas C Marecic ownership change
23 Mar 21
Patents
APP
Utility
Enhancing Patient Care Via a Structured Methodology for Workflow Stratification
1 Apr 21
A system, device and method are provided for modifying workflows in a hospital environment.
APP
Utility
Communication System for Interfacing with an Alarm System Control Panel
1 Apr 21
A communicator device including a network interface for facilitating internet protocol (IP) communication, a public switched telephone network (PSTN) device interface for facilitating communication with a PSTN device and a processor.
GRANT
Utility
Sensor device with an air mass sensor for a weathering device
30 Mar 21
The sensor device (100; 200) for a device (10) for weathering or lightfastness testing of samples comprises a sensor housing (110) which is adapted to be arranged in a weathering chamber (1) of the device (10) in the same manner as a sample (3), and an air mass sensor (120; 220) which comprises a sensor element (120.2; 220.2) and is attached to the sensor housing (110) in such a manner that the sensor element (120.2; 220.2) is adapted to be mounted on the sensor housing (110.2; 220.2) and attached to the sensor housing (110) such that the sensor element (120.2; 220.2) is exposed in the same manner as a sample (3) to an air flow prevailing in the weathering chamber (1).
APP
Utility
Inspection Apparatus and Methods for Precision Vibration-isolation Tabletops
18 Mar 21
Apparatus and methods to automatically inspect precision tabletops used for vibration isolation are described.
APP
Utility
Emergency Response Drills
18 Mar 21
A school communication system includes: a district server configured to manage at least one communication system located within a district location managed by the district server; a district network configured to communicatively couple the at least one communication system and the district server; and the at least one communication system.
Transcripts
2020 Q4
Earnings call transcript
4 Feb 21
2020 Q3
Earnings call transcript
29 Oct 20
2020 Q2
Earnings call transcript
4 Aug 20
2020 Q1
Earnings call transcript
5 May 20
2019 Q4
Earnings call transcript
5 Feb 20
2019 Q3
Earnings call transcript
31 Oct 19
2019 Q2
Earnings call transcript
30 Jul 19
2019 Q1
Earnings call transcript
1 May 19
2018 Q4
Earnings call transcript
5 Feb 19
2018 Q3
Earnings call transcript
1 Nov 18
Reddit threads
Significant Insider Trading Activity (Last 7 Days)
1 Apr 21
Hold the line
26 Mar 21
Bill Gates-Backed Vicarious Is in Talks to Merge With D8 SPAC $DEH
24 Mar 21
Announcements x Daily Discussion for Mar-24-2021
24 Mar 21
Today’s events that might affect the stock market today
17 Mar 21
The Tale of eVTOLs (Tickers of focus: $RTP | $EXPC)
14 Mar 21
Daily Discussion Thread - March 12th, 2021
12 Mar 21
Daily Discussion Thread - March 11th, 2021
11 Mar 21
The hedges are currently working with the news to pressure us into selling GME / AMC
10 Mar 21
Daily Discussion Thread - March 10th, 2021
10 Mar 21