AMETEK Inc. (AME) Sector

(Current) $181.07
-0.05 (-0.03%) Open Price: 180.68

AMETEK Inc. is a prominent global manufacturer of electronic instruments and electromechanical devices, serving a wide range of industries with its innovative solutions. Established in 1930 by Wallace Coulter and Harold V. Pahlman, the company has a rich history of over nine decades. Originally named the American Machine and Metals Company, AMETEK started as a manufacturer of mechanical testing machines and motors. Over the years, it evolved through acquisitions and strategic initiatives to become a diversified technology company.

AMETEK's core business revolves around producing advanced instruments and systems for various applications, including aerospace, defense, electronics, energy, healthcare, and more. The company specializes in designing and manufacturing precision instruments that measure, monitor, and control critical processes, contributing to improved efficiency and performance in various industries.

Listed on the New York Stock Exchange under the ticker symbol "AME," AMETEK has demonstrated consistent growth and financial stability over the years. Its portfolio comprises two main business segments: Electronic Instruments Group (EIG) and Electromechanical Group (EMG). EIG focuses on producing instruments that measure, calibrate, and communicate data in various industries. EMG, on the other hand, produces motors, pumps, and other electromechanical components used in diverse applications.

One notable aspect of AMETEK's growth strategy is its dedication to strategic acquisitions. The company has a history of acquiring successful businesses that complement its existing portfolio, allowing it to expand its offerings and enter new markets. These acquisitions have played a crucial role in AMETEK's ability to stay relevant and competitive in an ever-evolving technological landscape.

In recent years, AMETEK has been committed to innovation and research, driving advancements in precision measurement and control technologies. Its products are essential in industries where accuracy, reliability, and performance are paramount. With a global footprint and a reputation for delivering high-quality solutions, AMETEK continues to be a key player in the instrumentation and electromechanical industries.

(03/01/24) $180.68
(03/04/24) $181.12
(03/04/24) (Qty.)295,671
(03/01/24) $179.54
(03/01/24) $181.41
(03/12/23) $131.52
(02/25/24) $181.41
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