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Berwyn, Pennsylvania-based AMETEK, Inc. (AME) manufactures and sells electronic instruments and electromechanical devices. Valued at $38.1 billion by market cap, AME is a leading global provider of industrial technology solutions that manufactures advanced instruments for process, aerospace, power, and industrial markets and is a supplier of electrical interconnects, specialty metals, technical motors and systems, and floor care and specialty motors.
Shares of this machinery manufacturing giant have underperformed the broader market considerably over the past year. AME has gained 6.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 28.1%. In 2024, AME stock is down marginally, while SPX is up 17.3% on a YTD basis.