AMETEK (NYSE:AME) changed -0.64% to recent value of $84.45. The stock transacted 1115455 shares during most recent day however it has an average volume of 1031.29K shares. It spotted trading -4.86% off 52-week high price. On the other end, the stock has been noted 33.75% away from the low price over the last 52-weeks.
On June 17, 2019, AMETEK (NYSE:AME) announced that its Board of Directors has appointed Tod E. Carpenter as a new director of the Company. Mr. Carpenter serves as Chairman, President and Chief Executive Officer of Donaldson Company (NYSE: DCI), a leading worldwide manufacturer of filtration products and solutions that serve a diverse set of markets and applications.
We are excited to welcome Tod to our team as a member of AMETEK’s Board of Directors, comments David A. Zapico, AMETEK Chairman and Chief Executive Officer. Tod is a seasoned operating executive with more than 35 years of global industrial experience. His proven success at Donaldson combined with his outstanding operating experience nicely complements our already strong Board of Directors.
After joining Donaldson in 1996, Mr. Carpenter held numerous roles with increasing responsibility. In 2008, Mr. Carpenter was named head of Europe and Middle East for Donaldson, and in 2011 he was named Senior Vice President of Donaldson’s Engine Products segment, a role he held until being named Chief Operating Officer in 2014. Mr. Carpenter was appointed President and Chief Executive Officer in 2015 and elected as Chairman of the Board in 2017. Prior to joining Donaldson, Mr. Carpenter spent more than a decade with Hughes Aircraft Company, and later as a consultant for York & Associates. AME has a gross margin of 34.30% and an operating margin of 22.20% while its profit margin remained 16.10% for the last 12 months. Its earnings per share (EPS) expected to touch remained 29.40% for this year while earning per share for the next 5-years is expected to reach at 8.55%.
The company has 229.69M of outstanding shares and 226.77M shares were floated in the market. According to the most recent quarter its current ratio was 1.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -0.32% from the mean of 20 days, -1.11% from mean of 50 days SMA and performed 8.97% from mean of 200 days price. Company’s performance for the week was -2.35%, -2.47% for month and YTD performance remained 24.74%.
Category – Business
After many years in the market, Charles Frey dedicated all his time to write articles highlighting different financial problems. He has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years.
Charles holds a postgraduate degree in Software Engineering. ‘The stock market is filled with individuals who know the price of everything, but the value of nothing.’ Charles is a share market expert, being personally invested for over 6 years. He has been writing his entire life, and while he has made a career of business and finance reporting, he still enjoys writing short stories and poetry.
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