Who Owns Ametek Company?

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Who Owns AMETEK?

Understanding AMETEK's ownership is key to grasping its market strategy and accountability. The company's growth, fueled by strategic acquisitions like FARO Technologies for $920 million in May 2025, significantly shapes its financial structure and stakeholder interests.

Who Owns Ametek Company?

AMETEK, founded in 1930 as American Machine and Metals, has evolved into a global industrial leader. Its diverse operations, spanning electronic instruments and electromechanical devices, are a testament to its adaptive growth strategy, which includes analyzing its Ametek BCG Matrix.

As of August 1, 2025, AMETEK's market capitalization stands at $42.68 billion. The company's ownership is primarily institutional, influencing its governance and strategic path forward.

Who Founded Ametek?

The origins of AMETEK trace back to March 1930, when its predecessor, Manhattan Electric Supply Company, faced bankruptcy. A new entity, American Machine and Metals, was established by stockholders, incorporating the Manhattan electric firm and listing on the New York Stock Exchange as AME. While the specific initial shareholdings of founders Carl Duffner, Edward Hoffman, Milton Spielman, Victor Lynch, and Walter Poesse are not publicly detailed, this marked a significant new beginning for the company.

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Founding of American Machine and Metals

AMETEK's roots began with the formation of American Machine and Metals in March 1930. This new entity emerged from the bankruptcy of Manhattan Electric Supply Company.

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Early Corporate Structure

The company was initially listed on the New York Stock Exchange under the ticker symbol AME. This public listing established its presence in the financial markets.

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Divestment and Integration

By the end of 1931, Manhattan Electric Supply Co. was divested as it was not a good fit. Tolhurst Machine Works of Troy, New York, was integrated into the company instead.

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Leadership Through the Depression

Philip G. Mumford served as the first president, guiding the company through the challenging years of the Great Depression. The company maintained its headquarters on Wall Street during this period.

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Financial Recovery and Growth

Despite operating at a loss for over a year, the company began to show a slight profit by 1932. By 1935, it was consistently profitable, with assets nearing $5 million.

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Diversified Manufacturing Vision

The initial strategy was to build a diversified manufacturing entity. Early companies under the AME umbrella included Troy Laundry Machinery, Haliwell Electric, and Trout Mining Company.

The early years of American Machine and Metals were marked by strategic adjustments and a focus on establishing a diversified manufacturing base. The divestment of Manhattan Electric Supply Co. and the integration of Tolhurst Machine Works were key steps in shaping the company's future direction. Under the leadership of President Philip G. Mumford, the company navigated the economic hardships of the Depression, demonstrating resilience and a path toward profitability. This period laid the groundwork for the company's evolution, reflecting an ambition to encompass various industrial sectors. Understanding this foundational period is crucial to grasping the Mission, Vision & Core Values of Ametek as it developed.

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Key Aspects of Early Ownership and Structure

The initial ownership structure of American Machine and Metals was established by stockholders of the bankrupt Manhattan Electric Supply Company. While specific founder stakes are not detailed, the company's public listing as AME on the NYSE was a pivotal moment.

  • Founders: Carl Duffner, Edward Hoffman, Milton Spielman, Victor Lynch, and Walter Poesse
  • Predecessor Company: Manhattan Electric Supply Company
  • New Entity: American Machine and Metals
  • Stock Exchange Listing: New York Stock Exchange (AME)
  • Early Operations: Included Troy Laundry Machinery, Haliwell Electric, and Trout Mining Company
  • Leadership: Philip G. Mumford (First President)
  • Financial Milestones: Slight profit by 1932, profitable by 1935, assets nearly $5 million in 1932

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How Has Ametek’s Ownership Changed Over Time?

AMETEK, Inc. transitioned to a publicly traded entity on July 1, 1930, initially known as American Machine and Metals. The company rebranded to AMETEK in the early 1960s, signaling a strategic pivot from heavy machinery to specialized areas like analytical instruments and precision components. As of August 1, 2025, AMETEK's market capitalization reached approximately $42.68 billion.

Shareholder Type Percentage of Ownership Approximate Number of Shares
Institutional Investors 89% 234,874,568
General Public (Individual Investors) 11% N/A
Insider Ownership (Officers & Directors) 0.67% 1,550,000

The ownership landscape of AMETEK is predominantly shaped by institutional investors, who collectively hold a significant 89% stake as of July 2, 2025. This substantial presence means institutional preferences often heavily influence the company's direction. Key institutional shareholders include Vanguard Group Inc., holding 11% of outstanding shares, alongside major entities like BlackRock, Inc., Price T Rowe Associates Inc /md/, and State Street Corp. Other significant institutional holders are JPMorgan Chase & Co., Geode Capital Management, LLC, and Fmr LLC, with various Vanguard index funds also maintaining positions. While over 18 investors collectively own 50% of the company, no single entity possesses controlling interest. Insider ownership, representing holdings by company officers and directors, is relatively minor at approximately 0.67%. The general public, comprising individual investors, accounts for the remaining 11% of AMETEK's stock ownership.

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Key AMETEK Shareholders and Ownership Dynamics

Institutional investors are the primary owners of AMETEK, reflecting a broad base of managed assets invested in the company. Understanding these major stakeholders is crucial for analyzing AMETEK stock ownership.

  • Vanguard Group Inc. is a leading institutional shareholder.
  • BlackRock, Inc. also holds a significant stake in AMETEK.
  • No single shareholder has a majority control over AMETEK.
  • Individual investors represent a smaller portion of AMETEK's shareholder base.

AMETEK's strategic direction, including its focus on operational excellence, new product development, international expansion, and strategic acquisitions, directly impacts its ownership structure and market valuation. For instance, the acquisition of FARO Technologies in May 2025 for $920 million exemplifies the company's approach to portfolio enhancement. This growth strategy has contributed to sustained financial performance, with AMETEK reporting record sales of $6.94 billion in 2024, a 5.2% increase from 2023, and full-year adjusted earnings per share of $6.83, up 7% from the previous year. These financial results and strategic moves are closely watched by AMETEK shareholders and influence the company's overall AMETEK corporate structure.

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Who Sits on Ametek’s Board?

As of March 12, 2025, AMETEK's Board of Directors comprises nine members, with a planned reduction to eight following Mr. Kohlhagen's retirement at the May 7, 2025, Annual Meeting of Stockholders. David A. Zapico holds the positions of Chairman and Chief Executive Officer, bringing significant company and market expertise to the board.

Director Name Role Independence Status
Thomas A. Amato Director Independent
Tod E. Carpenter Director Independent
Anthony J. Conti Lead Independent Director Independent
Steven W. Kohlhagen Director (Retiring May 7, 2025) Independent
Gretchen W. McClain Director Independent
Karleen M. Oberton Director Independent
Dean Seavers Director Independent
Suzanne L. Stefany Director Independent
David A. Zapico Chairman and Chief Executive Officer Not Independent

AMETEK operates under a 'one-share-one-vote' system, meaning each common share holds equal voting power, with no evidence of dual-class shares or special voting rights. This structure supports the significant influence of institutional investors who collectively hold substantial portions of the company's stock. As of January 31, 2025, there were 230,659,382 shares of AMETEK's Common Stock outstanding. The market value of stock held by non-affiliates was approximately $38.6 billion as of June 30, 2024. The company's governance includes strong stock ownership guidelines for its board and executives, and it permits proxy access for director nominations by qualifying stockholders, reflecting a commitment to shareholder engagement and aligning with the Target Market of Ametek.

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AMETEK's Shareholder Structure and Governance

AMETEK's voting power is distributed equally among its common shares, emphasizing a transparent ownership structure. The company's governance framework is designed to ensure accountability and shareholder rights.

  • Voting power is based on a 'one-share-one-vote' principle.
  • No dual-class shares or special voting rights exist.
  • Significant institutional ownership influences AMETEK shareholders.
  • Robust stock ownership guidelines are in place for leadership.
  • Proxy access is available for eligible stockholders.

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What Recent Changes Have Shaped Ametek’s Ownership Landscape?

AMETEK's ownership profile has seen shifts driven by strategic acquisitions and consistent financial growth over the past few years. The company's approach to expanding its market presence through targeted acquisitions significantly influences its shareholder base and overall corporate structure.

Acquisition Date Approximate Value
FARO Technologies May 2025 $920 million (net of cash)
Kern Microtechnik February 2025 $51.6 million
Virtek Vision International October 2024 Not Disclosed

AMETEK's strategic acquisitions, including FARO Technologies for approximately $920 million in May 2025 and Kern Microtechnik for $51.6 million in February 2025, underscore its commitment to expanding its capabilities in precision measurement and metrology. These moves, alongside 14 acquisitions completed between the start of 2020 and the end of 2024 with annualized sales of about $1.4 billion, have bolstered its market position. Financially, the company reported full-year 2024 sales of $6.94 billion, a 5% increase from 2023, with adjusted earnings per share of $6.83, up 7%. For the second quarter of 2025, sales reached a record $1.78 billion, a 2.5% rise over the prior year's second quarter, and adjusted earnings per diluted share were $1.78, a 7% increase. The company has raised its full-year 2025 sales guidance to a mid-single-digit increase over 2024 and expects adjusted earnings per diluted share between $7.06 and $7.20, reflecting a 3% to 5% growth. Leadership changes, such as Dalip M. Puri's appointment as Executive Vice President in April 2024, are part of the company's ongoing operational evolution. For a deeper understanding of its journey, explore the Brief History of Ametek.

Icon Institutional Investor Dominance

As of July 2, 2025, institutional investors hold a significant 89% stake in AMETEK. This substantial ownership indicates that institutional trading activities can heavily influence the company's stock performance.

Icon Shareholder Value Focus

While no major activist campaigns have been publicly announced, the high level of institutional ownership suggests a strong underlying alignment with maximizing shareholder value. This concentration of ownership often leads to a focus on long-term financial health and performance.

Icon Strategic Growth Through Acquisition

AMETEK's consistent strategy of acquiring complementary businesses has been a key driver of its growth and market expansion. These acquisitions not only add to revenue streams but also integrate new technologies and expertise into the company's portfolio.

Icon Financial Performance and Outlook

The company's financial results demonstrate the success of its strategic initiatives, with year-over-year sales and earnings growth. AMETEK's updated financial guidance for 2025 reflects continued confidence in its business model and future prospects.

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