Wellington Management Group LLP Raises Stock Position in AMETEK, Inc. $AME

Wellington Management Group LLP grew its holdings in shares of AMETEK, Inc. (NYSE:AME) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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’s holdings in AMETEK were worth $724,387,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in AMETEK during the second quarter valued at approximately $4,725,928,000. State Street Corp boosted its holdings in shares of AMETEK by 2.0% in the 4th quarter. State Street Corp now owns 9,956,361 shares of the technology company’s stock worth $2,044,140,000 after purchasing an additional 192,677 shares during the period. Geode Capital Management LLC boosted its holdings in shares of AMETEK by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 5,891,236 shares of the technology company’s stock worth $1,204,722,000 after purchasing an additional 37,651 shares during the period. Invesco Ltd. increased its position in shares of AMETEK by 4.9% during the 3rd quarter. Invesco Ltd. now owns 4,463,518 shares of the technology company’s stock valued at $839,141,000 after purchasing an additional 209,043 shares during the last quarter. Finally, Norges Bank purchased a new stake in AMETEK during the 4th quarter valued at $831,372,000. Institutional investors own 87.43% of the company’s stock.

AMETEK Price Performance

Shares of AME stock opened at $236.66 on Friday. The stock has a 50 day moving average price of $241.73 and a 200 day moving average price of $232.42. AMETEK, Inc. has a 52-week low of $179.24 and a 52-week high of $261.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. The firm has a market capitalization of $54.24 billion, a P/E ratio of 34.60, a P/E/G ratio of 3.02 and a beta of 0.98.

AMETEK (NYSE:AME) last released 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. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm posted $1.78 earnings per share. The business’s revenue was up 15.0% compared to the same quarter last year. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. As a group, sell-side analysts predict that AMETEK, Inc. will post 8.33 earnings per share for the current year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 15th. AMETEK’s dividend payout ratio (DPR) is currently 19.88%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Robert W. Baird set a $275.00 price target on AMETEK in a research report on Wednesday, August 5th. Citigroup increased their target price on shares of AMETEK from $257.00 to $261.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Seaport Research Partners restated a “buy” rating and issued a $290.00 target price on shares of AMETEK in a report on Wednesday, August 5th. TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a research note on Thursday, August 6th. Finally, Barclays upped their price target on shares of AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, AMETEK presently has an average rating of “Moderate Buy” and an average target price of $266.80.

Insiders Place Their Bets

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

About AMETEK

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.