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AMETEK Inc

AME: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$272.33MfzmJmsybmqbhy

Ametek Produces Strong Third-Quarter Results, Despite Difficult Operating Environment

Business Strategy and Outlook

Ametek is a cash compounder that combines premier elements of best-in-class conglomerates. First, like Roper, Ametek prefers allocating capital through acquisitions. Its asset-light model’s firepower focuses on companies that compete on differentiated technology and hold dominant positions in oligopolistic niches. Second, like Danaher and Fortive, the company materially improves its targets’ underlying operating margins. Ametek often reduces the amount targets spend on raw material costs through superior supply chain sourcing.

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