Wellington Management Group LLP Has $164.38 Million Stock Holdings in AMETEK, Inc. (NYSE:AME)

Wellington Management Group LLP trimmed its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 6.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 957,321 shares of the technology company's stock after selling 61,500 shares during the period. Wellington Management Group LLP owned 0.41% of AMETEK worth $164,382,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. grew its position in shares of AMETEK by 62.6% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company's stock valued at $34,000 after acquiring an additional 77 shares during the period. Family Firm Inc. acquired a new position in AMETEK during the second quarter worth approximately $39,000. Industrial Alliance Investment Management Inc. bought a new stake in AMETEK in the second quarter valued at approximately $42,000. Princeton Global Asset Management LLC acquired a new stake in shares of AMETEK in the third quarter valued at approximately $44,000. Finally, Crewe Advisors LLC boosted its stake in shares of AMETEK by 168.8% during the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company's stock worth $49,000 after acquiring an additional 184 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AMETEK

In other AMETEK news, insider Tony J. Ciampitti sold 16,210 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the sale, the insider now owns 49,490 shares of the company's stock, valued at approximately $9,750,024.90. The trade was a 24.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Emanuela Speranza sold 6,747 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total value of $1,321,737.30. Following the completion of the transaction, the insider now owns 30,460 shares of the company's stock, valued at $5,967,114. The trade was a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,660 shares of company stock valued at $5,958,141. Corporate insiders own 0.61% of the company's stock.

AMETEK Price Performance

Shares of AME stock traded down $1.65 during trading on Monday, hitting $189.89. The company had a trading volume of 1,027,597 shares, compared to its average volume of 1,154,819. The stock's 50-day moving average price is $181.68 and its 200 day moving average price is $172.62. AMETEK, Inc. has a one year low of $149.03 and a one year high of $198.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. The firm has a market capitalization of $43.92 billion, a P/E ratio of 33.08, a price-to-earnings-growth ratio of 3.13 and a beta of 1.15.

AMETEK (NYSE:AME - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. AMETEK's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.64 EPS. Equities analysts expect that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Friday, December 6th. AMETEK's payout ratio is presently 19.51%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AME. KeyCorp raised their price target on AMETEK from $205.00 to $215.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Wolfe Research raised shares of AMETEK to a "hold" rating in a report on Wednesday, September 18th. Robert W. Baird increased their price target on shares of AMETEK from $166.00 to $186.00 and gave the company a "neutral" rating in a report on Monday, November 4th. StockNews.com upgraded AMETEK from a "hold" rating to a "buy" rating in a report on Wednesday, December 4th. Finally, Truist Financial increased their target price on AMETEK from $219.00 to $221.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $199.29.

AMETEK 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.