Wellington Management Group LLP Boosts Holdings in AMETEK, Inc. $AME

Key Points

• Wellington Management increased its AMETEK stake by 7% in the second quarter, adding 196,986 shares to own 2.99 million shares valued at approximately $724.4 million. Institutional investors collectively hold 87.43% of the company.
• AMETEK reported quarterly earnings of $2.09 per share on $2.04 billion in revenue, exceeding estimates, while revenue grew 15% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $266.80.
• AMETEK shares opened at $236.66 after declining 2.9%, and the company declared a quarterly dividend of $0.34 per share, equivalent to a 0.6% annual yield.

Wellington Management Group LLP boosted its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,994,077 shares of the technology company's stock after buying an additional 196,986 shares during the quarter. Wellington Management Group LLP owned approximately 1.31% of AMETEK worth $724,387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of AMETEK during the 2nd quarter worth $4,725,928,000. Norges Bank bought a new stake in shares of AMETEK during the 4th quarter valued at $831,372,000. Flossbach Von Storch SE purchased a new stake in shares of AMETEK in the 2nd quarter worth $662,352,000. Bank of New York Mellon Corp bought a new position in AMETEK in the 2nd quarter worth $624,725,000. Finally, Bank of America Corp DE bought a new position in AMETEK in the 2nd quarter worth $391,801,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider David F. Hermance sold 6,608 shares of the business's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,678,432.00. Following the sale, the insider directly owned 42,509 shares in the company, valued at approximately $10,797,286. The trade was a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on AME. Weiss Ratings raised AMETEK from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. BNP Paribas Exane boosted their price objective on AMETEK from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Rothschild & Co Redburn set a $265.00 target price on shares of AMETEK in a research note on Thursday, June 18th. KeyCorp increased their price objective on shares of AMETEK from $260.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen cut shares of AMETEK from a "buy" rating to a "hold" rating in a research note on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $266.80.

AMETEK Trading Down 2.9%

AMETEK stock opened at $236.66 on Friday. AMETEK, Inc. has a 1 year low of $179.24 and a 1 year high of $261.16. The firm's 50 day moving average price is $241.73 and its 200-day moving average price is $232.42. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76. The stock has a market cap of $54.24 billion, a P/E ratio of 34.60, a PEG ratio of 3.02 and a beta of 0.98.

AMETEK (NYSE:AME - Get Free Report) last issued its earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.99 by $0.10. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. AMETEK's revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 earnings per share. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. On average, equities analysts predict that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.34 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK's dividend payout ratio (DPR) is presently 19.88%.

AMETEK Company 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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