Ametek (AME) Has Risen 6% in Last One Year, Underperforms Market

If you are looking for the best ideas for your portfolio you may want to consider some of Del Principe O’Brien Financial Advisors top stock picks. Del Principe O’Brien Financial Advisors, an investment management firm, is bullish on Ametek Inc (NYSE:AME) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on Ametek Inc (NYSE:AME) stock. Ametek Inc (NYSE:AME) is a global manufacturer of electronic instruments and electromechanical devices.

In August 2019, Del Principe O’Brien Financial Advisors had released its Q2 2019 investor letter. Ametek Inc (NYSE:AME) stock has posted a return of 5.7% in the trailing one year period, underperforming the S&P 500 Index which returned 10.2% in the same period. This suggests that the investment firm was wrong in its decision. On a year-to-date basis, Ametek Inc (NYSE:AME) stock has fallen by 3.3%.

In Q2 2019 investor letter, Del Principe O’Brien Financial Advisors said the fund posted a return of 7.1% in the second quarter of 2019, outperforming the S&P 500 Index which returned 4.30% in the same period. Let’s take a look at comments made by Del Principe O’Brien Financial Advisors about Ametek Inc (NYSE:AME) stock in the Q2 2019 investor letter.

“AMETEK is a global leader in electronic instruments and electromechanical devices. If you invested $100 in AMETEK ten years ago, it would be worth more than $450 today, which is a 10-year CAGR of 16%. In 2017, we realized a return on our investment (ROI) of 27%. When the stock pulled back, we purchased more shares. In 2019, we have realized a gain of 67%.”

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In Q2 2020, the number of bullish hedge fund positions on Ametek Inc (NYSE:AME) stock increased by about 21% from the previous quarter (see the chart here), so a number of other hedge fund managers seem to agree with Ametek’s growth potential. Our calculations showed that Ametek Inc (NYSE:AME) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

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Disclosure: None. This article is originally published at Insider Monkey.