Billionaire Mario Gabelli’s Top 15 Stock Picks

Page 6 of 15

10. AMETEK, Inc. (NYSE:AME)

Number of Hedge Fund Holders: 37 

GAMCO Investors’ Stake: $114.3 million

AMETEK, Inc. (NYSE:AME) is an American multinational conglomerate and a global designer and manufacturer of electronic instruments and electromechanical devices. The company’s strong financial growth driven by solid revenue growth and expanding operating margins is witnessed in the report for the third quarter of 2024, and makes it a standout investment. For instance, sales were $1.71 billion, a 5% increase over the third quarter of the prior year. Operating income increased 2% to $445.9 million, operating margins were 26.1% in the quarter and operating cash flow in the quarter was $487.2 million, up 3% versus the prior year, with free cash flow to net income conversion of 135%.

Page 6 of 15