Davis R M Inc. grew its stake in shares of AMTEK, Inc. (NYSE:AME) by 2.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 497,055 shares of the technology company’s stock after acquiring an additional 10,532 shares during the period. AMTEK comprises approximately 1.4% of Davis R M Inc.’s investment portfolio, making the stock its 29th biggest holding. Davis R M Inc. owned approximately 0.22% of AMTEK worth $32,826,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. IHT Wealth Management LLC acquired a new position in shares of AMTEK during the second quarter worth $194,000. Commonwealth Bank of Australia grew its holdings in shares of AMTEK by 17.7% during the second quarter. Commonwealth Bank of Australia now owns 1,747 shares of the technology company’s stock valued at $104,000 after buying an additional 263 shares during the last quarter. BB&T Investment Services Inc. purchased a new stake in shares of AMTEK during the second quarter valued at $107,000. Independence Advisors LLC purchased a new stake in shares of AMTEK during the second quarter valued at $299,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of AMTEK during the second quarter valued at $151,000. 85.67% of the stock is owned by institutional investors.
Several equities research analysts have commented on AME shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $66.00 price target on shares of AMTEK in a report on Thursday, August 3rd. BidaskClub lowered shares of AMTEK from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of AMTEK from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Monday, August 7th. Stifel Nicolaus set a $70.00 price target on shares of AMTEK and gave the company a “buy” rating in a report on Friday, October 6th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $70.00 price target on shares of AMTEK in a report on Friday, October 6th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. AMTEK currently has a consensus rating of “Buy” and a consensus price target of $71.60.
AMTEK, Inc. (NYSE AME) traded up $0.22 during mid-day trading on Friday, reaching $68.23. 1,039,700 shares of the company’s stock were exchanged, compared to its average volume of 1,334,935. The firm has a market cap of $15,718.28, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 2.31 and a beta of 1.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 1.59. AMTEK, Inc. has a 12 month low of $45.78 and a 12 month high of $70.26.
AMTEK (NYSE:AME) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.04. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. AMTEK had a net margin of 13.37% and a return on equity of 16.48%. AMTEK’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 EPS. analysts anticipate that AMTEK, Inc. will post 2.58 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.53%. AMTEK’s dividend payout ratio (DPR) is 15.13%.
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In other AMTEK news, insider Thomas C. Marecic sold 12,315 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $66.36, for a total value of $817,223.40. Following the completion of the transaction, the insider now owns 38,367 shares of the company’s stock, valued at approximately $2,546,034.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elizebeth R. Varet sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $63.24, for a total transaction of $189,720.00. Following the completion of the transaction, the director now directly owns 117,880 shares of the company’s stock, valued at approximately $7,454,731.20. The disclosure for this sale can be found here. In the last three months, insiders sold 169,155 shares of company stock valued at $11,218,603. Corporate insiders own 2.10% of the company’s stock.
AMTEK Company Profile
AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.
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