Nisa Investment Advisors LLC Has $4,527,000 Stake in AMTEK, Inc. (NYSE:AME)

Nisa Investment Advisors LLC held its position in AMTEK, Inc. (NYSE:AME) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,700 shares of the technology company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in AMTEK were worth $4,527,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Personal Financial Services increased its position in AMTEK by 23.9% in the first quarter. First Personal Financial Services now owns 2,075 shares of the technology company’s stock valued at $112,000 after buying an additional 400 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of AMTEK by 7.0% in the first quarter. Van ECK Associates Corp now owns 3,008 shares of the technology company’s stock valued at $163,000 after buying an additional 196 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of AMTEK by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,229 shares of the technology company’s stock valued at $175,000 after buying an additional 19 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its stake in shares of AMTEK by 1.7% in the first quarter. Morgan Dempsey Capital Management LLC now owns 3,464 shares of the technology company’s stock valued at $187,000 after buying an additional 59 shares in the last quarter. Finally, Charter Trust Co. purchased a new stake in shares of AMTEK during the first quarter valued at approximately $200,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

AMTEK, Inc. (NYSE AME) opened at 60.91 on Monday. AMTEK, Inc. has a 52-week low of $43.30 and a 52-week high of $62.89. The company’s 50-day moving average is $61.45 and its 200 day moving average is $56.40. The company has a market cap of $14.02 billion, a price-to-earnings ratio of 27.45 and a beta of 1.33.

AMTEK (NYSE:AME) last issued its earnings results on Tuesday, May 2nd. The technology company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. AMTEK had a return on equity of 16.20% and a net margin of 13.24%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $961.36 million. During the same quarter in the previous year, the firm earned $0.57 EPS. AMTEK’s revenue was up 6.7% on a year-over-year basis. Equities analysts forecast that AMTEK, Inc. will post $2.48 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Wednesday, June 14th. AMTEK’s dividend payout ratio (DPR) is 16.22%.

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Several brokerages have recently commented on AME. Zacks Investment Research downgraded shares of AMTEK from a “buy” rating to a “hold” rating in a report on Monday, June 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $67.00 target price on shares of AMTEK in a report on Tuesday, June 6th. Morgan Stanley increased their target price on shares of AMTEK from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Monday, May 8th. Jefferies Group LLC reiterated a “buy” rating and issued a $66.00 target price (up previously from $63.00) on shares of AMTEK in a report on Wednesday, May 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $69.00 target price (up previously from $66.00) on shares of AMTEK in a report on Thursday, June 8th. Two investment 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 $63.18.

In other AMTEK news, Director James R. Malone sold 1,190 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $59.65, for a total transaction of $70,983.50. Following the completion of the sale, the director now directly owns 4,300 shares in the company, valued at approximately $256,495. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Thomas M. Montgomery sold 6,864 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $60.52, for a total value of $415,409.28. Following the transaction, the vice president now owns 28,446 shares of the company’s stock, valued at $1,721,551.92. The disclosure for this sale can be found here. In the last three months, insiders sold 83,956 shares of company stock valued at $5,133,440. 2.10% of the stock is owned by insiders.

About AMTEK

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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Institutional Ownership by Quarter for AMTEK (NYSE:AME)

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