Wellington Management Group LLP Sells 14,768 Shares of AMETEK, Inc. $AME

Key Points

• Wellington Management Group LLP reduced its stake in AMETEK, Inc. by 1.6%, owning 0.40% of the company with about $159.26 million in value after selling 14,768 shares.
• AMETEK reported a $1.78 EPS for Q2, exceeding expectations of $1.69, and also declared a quarterly dividend of $0.31 to be paid on September 30th.
• Analysts generally maintain a "Hold" rating on AMETEK with a consensus target price of $208.00, while the stock's fifty-two week performance ranges from a low of $145.02 to a high of $198.33.

Wellington Management Group LLP reduced its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 925,153 shares of the technology company's stock after selling 14,768 shares during the quarter. Wellington Management Group LLP owned about 0.40% of AMETEK worth $159,256,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AME. Bank Pictet & Cie Europe AG raised its stake in AMETEK by 23.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 183,024 shares of the technology company's stock worth $32,992,000 after buying an additional 34,866 shares during the period. Marshall Wace LLP raised its stake in AMETEK by 300.4% during the 4th quarter. Marshall Wace LLP now owns 19,219 shares of the technology company's stock worth $3,464,000 after buying an additional 14,419 shares during the period. First Trust Advisors LP raised its stake in AMETEK by 51.0% during the 4th quarter. First Trust Advisors LP now owns 95,550 shares of the technology company's stock worth $17,224,000 after buying an additional 32,251 shares during the period. Tower Research Capital LLC TRC raised its stake in AMETEK by 49.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,362 shares of the technology company's stock worth $2,409,000 after buying an additional 4,404 shares during the period. Finally, State of Tennessee Department of Treasury raised its stake in AMETEK by 69.1% during the 4th quarter. State of Tennessee Department of Treasury now owns 51,000 shares of the technology company's stock worth $9,193,000 after buying an additional 20,832 shares during the period. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Stock Performance

NYSE:AME traded down $1.4610 on Monday, reaching $185.4890. 427,999 shares of the company's stock were exchanged, compared to its average volume of 1,367,533. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. The firm has a market cap of $42.84 billion, a price-to-earnings ratio of 29.87, a P/E/G ratio of 2.69 and a beta of 1.10. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $198.33. The stock has a fifty day simple moving average of $181.08 and a 200-day simple moving average of $176.95.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.09. The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.74 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company earned $1.66 earnings per share. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. As a group, sell-side analysts predict that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.31 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.24 annualized dividend and a dividend yield of 0.7%. AMETEK's payout ratio is currently 19.97%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. KeyCorp increased their price objective on AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Truist Financial increased their price objective on AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Melius downgraded AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective for the company. in a research note on Monday, July 14th. Finally, Royal Bank Of Canada upped their target price on AMETEK from $209.00 to $212.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $208.00.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.