Vanguard Discloses 15.0% Passive Stake in AMETEK Inc.

TL;DR

**Vanguard still holds a huge 15.0% of AMETEK, showing strong institutional backing.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in AMETEK Inc. As of December 29, 2023, Vanguard reported beneficial ownership of 34,756,989 shares of AMETEK's Common Stock, representing 15.0% of the company's outstanding shares. This filing indicates a significant, but slightly reduced, passive stake by Vanguard, which is important for investors as it shows a major institutional investor's continued confidence in AMETEK, even with a minor adjustment to their holding.

Why It Matters

This filing confirms Vanguard's substantial, albeit passive, investment in AMETEK, signaling continued institutional confidence in the company's long-term prospects. Investors should note that a large institutional holder like Vanguard can influence stock stability and liquidity.

Risk Assessment

Risk Level: low — The filing indicates a passive investment by a major institutional investor, which generally reduces volatility and signals stability.

Analyst Insight

Investors should view this as a confirmation of AMETEK's stability and institutional appeal, but recognize that Vanguard's passive stake means no immediate activist pressure or strategic changes are expected from this holder.

Key Numbers

• 34,756,989 — Shares Beneficially Owned (Represents Vanguard's total stake in AMETEK Inc. as of December 29, 2023.)
• 15.0% — Percentage of Class (Indicates the significant portion of AMETEK's Common Stock owned by Vanguard.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• AMETEK Inc (company) — issuer of the securities
• 34,756,989 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 15.0% (dollar_amount) — percentage of AMETEK's class of securities beneficially owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in AMETEK Inc. throughout 2024. (The Vanguard Group) — high confidence, target: 2024-12-31

FAQ

From the Filing

0001104659-24-020272.txt : 20240213 0001104659-24-020272.hdr.sgml : 20240213 20240213165853 ACCESSION NUMBER: 0001104659-24-020272 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMETEK INC/ CENTRAL INDEX KEY: 0001037868 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 141682544 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-52929 FILM NUMBER: 24627365 BUSINESS ADDRESS: STREET 1: 1100 CASSATT ROAD CITY: BERWYN STATE: PA ZIP: 19312 BUSINESS PHONE: 610-647-2121 MAIL ADDRESS: STREET 1: 1100 CASSATT ROAD CITY: BERWYN STATE: PA ZIP: 19312 FORMER COMPANY: FORMER CONFORMED NAME: AMETEK AEROSPACE PRODUCTS INC DATE OF NAME CHANGE: 19970415 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0275-ametekinc.htm SCHEDULE 13G/A ametekinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer:  AMETEK Inc Title of Class of Securities:  Common Stock CUSIP Number:  031100100 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  031100100 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 281,269 7.  SOLE DISPOSITIVE POWER 24,637,817 8.  SHARED DISPOSITIVE POWER 939,075 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 25,576,892 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.08% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: AMETEK Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 1100 Cassatt Road Berwyn, PA 19312-1177 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of