17.4600 32.3800
52 weeks
52 weeks

Mkt Cap 158.14B

Shares Out 8.68B

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A High-Tech Manufacturer With Excellent Growth Prospects

When AMETEK (AME) reported its third-quarter results Tuesday, it continued its give-and-take story of this year: gains from recent acquisitions and losses from exposure to the oil and gas industry.

AMETEK designs and manufactures electronic instruments, electromechanical devices and other products. It specializes in products that demand high precision or accuracy, and these differentiated products help it generate strong margins.

The company's share price has suffered this year because of slowed sales in oil and gas as well as the competitive impact of a higher U.S. dollar (despite having a substantial portion of its operations based outside the U.S.).

Thanks to the slumping share price and ability to consistently grow its earnings, AMETEK currently has a place on the Undervalued Predictable and Buffett-Munger screeners at GuruFocus. In addition, its price-earnings (P/E) and price-book (P/B) ratios are close to five-year lows, while P/S is close to a...