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Ametek (AME)

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
Subsidiaries
Advanced Measurement Technology, Inc. • Sunpower, Inc. • AIP/MPM Funding, Inc. • AIP/MPM Holdings, Inc. • Micro-Poise Measurement Systems, LLC • Akron Standard Bestry (Guangzhou) Measurement Equipment Co., Ltd. • Micro-Poise Industrial Equipment (Beijing) Ltd. • AMETEK (Bermuda), Ltd. • AMETEK Canada • AMETEK Creaform ULC ...
IRS number
141682544

AME stock data

Calendar

2 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 348.65M 348.65M 348.65M 348.65M 348.65M 348.65M
Cash burn (monthly) (no burn) 3.5M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 5.07M n/a n/a n/a n/a
Cash remaining n/a 343.59M n/a n/a n/a n/a
Runway (months of cash) n/a 98.2 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
10 Aug 22 Kohlhagen Steven W Common Stock Sell Dispose S No No 126.8129 3,000 380.44K 45,964
8 Aug 22 Kohlhagen Steven W Common Stock Gift Dispose G No No 0 1,990 0 48,964
4 Aug 22 Stefany Suzanne Common Stock Grant Acquire A No No 125.38 810 101.56K 810
24 Jun 22 McClain Gretchen W Common Stock/ Deferred Compensation Other Acquire J No No 0 3 0 2,006
24 Jun 22 McClain Gretchen W Common Stock/ Deferred Compensation Grant Acquire A No No 113.5 286 32.46K 2,003
9 May 22 Marecic Thomas C Common Stock Payment of exercise Dispose F No No 121.84 382 46.54K 31,622
56.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 737 757 -2.6%
Opened positions 70 132 -47.0%
Closed positions 90 78 +15.4%
Increased positions 260 268 -3.0%
Reduced positions 278 243 +14.4%
13F shares Current Prev Q Change
Total value 26.28B 29.51B -11.0%
Total shares 197.67M 200.8M -1.6%
Total puts 63.6K 119.7K -46.9%
Total calls 205.7K 135.2K +52.1%
Total put/call ratio 0.3 0.9 -65.1%
Largest owners Shares Value Change
Vanguard 24.61M $3.28B +1.9%
BLK Blackrock 15.7M $2.09B +2.7%
STT State Street 9.11M $1.21B -1.9%
Massachusetts Financial Services 7.82M $1.04B +0.2%
FMR 7.72M $1.03B -13.0%
JPM JPMorgan Chase & Co. 5.6M $745.24M +8.5%
Alliancebernstein 4.78M $636.87M +15.3%
Alecta Pensionsforsakring, Omsesidigt 4.62M $615.69M +10.8%
Geode Capital Management 4.35M $578.24M -0.6%
Capital International Investors 4.03M $537.67M -0.5%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -2.29M EXIT
FMR 7.72M -1.16M -13.0%
Citadel Advisors 1.69M +1.05M +166.6%
EdgePoint Investment 1.73M +882.51K +103.8%
American Century Companies 3.84M -845.33K -18.1%
Ci Investments 1.17M +718.4K +159.2%
Alliancebernstein 4.78M +636.13K +15.3%
Voya Investment Management 1.33M -584.91K -30.6%
GS Goldman Sachs 1.55M +485.41K +45.6%
Vanguard 24.61M +463.93K +1.9%

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
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: alternative, billion, build, earlier, FDII, heightened, July, pressure, size, strained
Removed: add, April, decreased, delayed, finalizing, month

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