Jennison Associates LLC Sells 127,662 Shares of AMETEK, Inc. $AME

Key Points

• Jennison Associates sold 127,662 AMETEK shares in Q4 — a 49.0% reduction — leaving it with 132,974 shares worth about $27.3 million.
• AMETEK reported a record Q1 (EPS $1.97 vs. $1.90 est., revenue $1.93B, +11.3% y/y), raised FY 2026 guidance to $7.94–$8.14, announced the acquisition of First Aviation Services, and increased its quarterly dividend to $0.34.
• Despite the beat and positive M&A/analyst moves, the stock was down (~2.3%) amid mixed near‑term signals; analysts' consensus is a Moderate Buy with an average target around $248.58 and several firms raising price targets.

Jennison Associates LLC lessened its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 49.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 132,974 shares of the technology company's stock after selling 127,662 shares during the period. Jennison Associates LLC owned 0.06% of AMETEK worth $27,301,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in AMETEK by 4.9% during the third quarter. Principal Financial Group Inc. now owns 2,043,029 shares of the technology company's stock worth $384,096,000 after purchasing an additional 94,645 shares during the period. Captrust Financial Advisors lifted its position in AMETEK by 3.1% during the third quarter. Captrust Financial Advisors now owns 268,096 shares of the technology company's stock worth $50,402,000 after purchasing an additional 8,101 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in AMETEK by 22.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,853 shares of the technology company's stock worth $7,116,000 after purchasing an additional 6,911 shares during the period. Y.D. More Investments Ltd bought a new stake in AMETEK during the fourth quarter worth about $1,653,000. Finally, Nordea Investment Management AB lifted its position in AMETEK by 246.0% during the third quarter. Nordea Investment Management AB now owns 92,175 shares of the technology company's stock worth $17,344,000 after purchasing an additional 65,537 shares during the period. Institutional investors own 87.43% of the company's stock.

More AMETEK News

Here are the key news stories impacting AMETEK this week:

• Positive Sentiment: Company reported record Q1 results with EPS of $1.97 and revenue of $1.93B, beating estimates and showing double‑digit revenue growth — evidence of continued demand across segments. AMETEK Announces Record First Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Royal Bank of Canada raised its price target to $260 and keeps an “outperform” rating, signaling analyst confidence and implying meaningful upside from current levels. Benzinga
• Positive Sentiment: AMETEK agreed to acquire First Aviation Services, adding defense/aviation MRO capability and proprietary components that can support margin and aftermarket growth in a mission‑critical vertical. AMETEK Announces Agreement to Acquire First Aviation Services
• Positive Sentiment: Management reiterated FY 2026 EPS guidance ( $7.94–$8.14 ) and raised its organic sales outlook to mid‑single digits, indicating confidence in underlying demand even as margins and currency/headwinds are monitored. Ametek forecasts 2026 EPS of $7.94 to $8.14 while raising organic sales outlook to mid-single digits
• Neutral Sentiment: Full earnings materials and the call transcript are available for detail on segment trends and backlog; these documents will matter for modeling but don’t change the headline beat. AMETEK, Inc. (AME) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Market commentary highlights AMETEK’s momentum in the NYSE landscape and investor interest, but these pieces are descriptive rather than news catalysts. AMETEK Momentum Builds Strength In NYSE Composite Landscape
• Negative Sentiment: Although management raised its outlook, the FY EPS range sits slightly below some sell‑side consensus (and Q2 guidance is roughly in line/slightly under estimates), which can prompt profit‑taking given AME’s premium multiple. AMETEK Q1 Earnings Surpass Expectations, Revenues Rise Y/Y
• Negative Sentiment: Reports that AMETEK is in talks for a multibillion‑dollar acquisition (CD&R‑owned assets) add uncertainty around deal size, timing and financing—a potential headwind to near‑term sentiment. Main Line company explores multibillion-dollar acquisition, report says

Insider Activity

In other news, Director Thomas A. Amato sold 530 shares of the company's stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $216.78, for a total value of $114,893.40. Following the completion of the transaction, the director owned 4,480 shares of the company's stock, valued at $971,174.40. This represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.54% of the stock is owned by corporate insiders.

AMETEK Stock Down 2.3%

Shares of NYSE AME opened at $230.00 on Friday. The stock has a 50-day moving average price of $225.56 and a two-hundred day moving average price of $212.81. AMETEK, Inc. has a 12 month low of $167.75 and a 12 month high of $242.05. The company has a current ratio of 1.14, a quick ratio of 0.67 and a debt-to-equity ratio of 0.10. The company has a market cap of $52.69 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 3.39 and a beta of 1.03.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.07. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the firm posted $1.75 earnings per share. The firm's revenue was up 11.3% compared to the same quarter last year. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. As a group, analysts forecast that AMETEK, Inc. will post 8.03 earnings per share for the current fiscal year.

AMETEK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a $0.34 dividend. This is an increase from AMETEK's previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, March 16th. AMETEK's payout ratio is currently 21.25%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AME. Morgan Stanley upped their price objective on shares of AMETEK from $215.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 12th. BMO Capital Markets began coverage on AMETEK in a research note on Friday, March 27th. They set an "outperform" rating and a $253.00 target price for the company. Mizuho set a $270.00 target price on AMETEK in a research note on Friday. Robert W. Baird set a $244.00 target price on AMETEK in a research note on Friday. Finally, KeyCorp boosted their target price on AMETEK from $235.00 to $260.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, AMETEK currently has an average rating of "Moderate Buy" and a consensus target price of $248.58.

AMETEK Profile

AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.

The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.

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