Exxonmobil Investment Management Inc. TX trimmed its stake in AMTEK, Inc. (NYSE:AME) by 12.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,749 shares of the technology company’s stock after selling 5,397 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in AMTEK were worth $2,663,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in AMTEK by 3.1% in the second quarter. Vanguard Group Inc. now owns 22,577,145 shares of the technology company’s stock valued at $1,367,497,000 after acquiring an additional 687,292 shares during the period. BlackRock Inc. grew its position in AMTEK by 0.8% in the second quarter. BlackRock Inc. now owns 13,935,315 shares of the technology company’s stock valued at $844,062,000 after acquiring an additional 111,864 shares during the period. Janus Henderson Group PLC grew its position in AMTEK by 22,076.4% in the second quarter. Janus Henderson Group PLC now owns 6,403,670 shares of the technology company’s stock valued at $387,870,000 after acquiring an additional 6,374,794 shares during the period. Capital Research Global Investors grew its position in AMTEK by 2.0% in the second quarter. Capital Research Global Investors now owns 6,277,378 shares of the technology company’s stock valued at $380,221,000 after acquiring an additional 121,862 shares during the period. Finally, Boston Partners grew its position in AMTEK by 21.7% in the third quarter. Boston Partners now owns 5,233,468 shares of the technology company’s stock valued at $345,618,000 after acquiring an additional 932,008 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.
Shares of AMTEK, Inc. (NYSE:AME) opened at $75.20 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 1.59. The company has a market capitalization of $17,380.00, a price-to-earnings ratio of 30.20, a PEG ratio of 2.21 and a beta of 1.36. AMTEK, Inc. has a 1-year low of $49.54 and a 1-year high of $75.42.
AMTEK (NYSE:AME) last announced its earnings results on Thursday, November 2nd. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.62 by $0.04. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. AMTEK had a return on equity of 16.48% and a net margin of 13.37%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share. research analysts expect that AMTEK, Inc. will post 2.58 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Tuesday, December 5th. AMTEK’s payout ratio is presently 15.13%.
In other news, VP Thomas M. Montgomery sold 1,800 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $70.35, for a total transaction of $126,630.00. Following the transaction, the vice president now owns 19,947 shares of the company’s stock, valued at $1,403,271.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Elizebeth R. Varet sold 3,050 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $71.83, for a total value of $219,081.50. Following the transaction, the director now directly owns 117,930 shares in the company, valued at approximately $8,470,911.90. The disclosure for this sale can be found here. Insiders have sold 30,815 shares of company stock worth $2,209,220 in the last 90 days. Company insiders own 2.10% of the company’s stock.
AME has been the topic of a number of analyst reports. Robert W. Baird upped their price target on AMTEK from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Jefferies Group increased their target price on AMTEK from $66.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Oppenheimer restated a “buy” rating and set a $75.00 target price on shares of AMTEK in a report on Thursday, December 21st. Cowen restated a “buy” rating and set a $80.00 target price on shares of AMTEK in a report on Friday, December 22nd. Finally, Morgan Stanley increased their target price on AMTEK from $64.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $74.00.
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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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