AMTEK, Inc. (NYSE:AME) VP Thomas M. Montgomery sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $70.35, for a total value of $126,630.00. Following the sale, the vice president now owns 19,947 shares in the company, valued at $1,403,271.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
AMTEK, Inc. (NYSE:AME) traded down $0.30 during trading hours on Monday, hitting $71.79. The stock had a trading volume of 988,950 shares, compared to its average volume of 1,346,828. AMTEK, Inc. has a 52-week low of $48.16 and a 52-week high of $73.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.59 and a quick ratio of 1.16. The firm has a market cap of $16,661.24, a PE ratio of 28.95, a PEG ratio of 2.45 and a beta of 1.36.
AMTEK (NYSE:AME) last posted its earnings results 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. AMTEK had a return on equity of 16.48% and a net margin of 13.37%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm earned $0.56 EPS. The company’s quarterly revenue was up 14.8% on a year-over-year basis. equities research analysts expect that AMTEK, Inc. will post 2.58 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Tuesday, December 5th. AMTEK’s payout ratio is 15.13%.
AME has been the topic of several research analyst reports. Robert W. Baird increased their price objective on AMTEK from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Jefferies Group increased their target price on AMTEK from $66.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research cut AMTEK from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Morgan Stanley raised their price objective on AMTEK from $64.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. Finally, Stifel Nicolaus set a $70.00 price objective on AMTEK and gave the stock a “buy” rating in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $71.80.
Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can purchased a new stake in shares of AMTEK during the 2nd quarter valued at approximately $17,144,000. State of Alaska Department of Revenue raised its position in shares of AMTEK by 56.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,222 shares of the technology company’s stock valued at $437,000 after buying an additional 2,620 shares during the period. LS Investment Advisors LLC raised its position in shares of AMTEK by 1.3% during the 2nd quarter. LS Investment Advisors LLC now owns 13,733 shares of the technology company’s stock valued at $832,000 after buying an additional 176 shares during the period. Louisiana State Employees Retirement System raised its position in shares of AMTEK by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,300 shares of the technology company’s stock valued at $866,000 after buying an additional 200 shares during the period. Finally, Aperio Group LLC raised its position in shares of AMTEK by 7.1% during the 2nd quarter. Aperio Group LLC now owns 99,743 shares of the technology company’s stock valued at $6,041,000 after buying an additional 6,573 shares during the period. Institutional investors own 84.25% of the company’s stock.
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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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