Norinchukin Bank The lifted its holdings in shares of AMTEK, Inc. (NYSE:AME) by 7.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,968 shares of the technology company’s stock after purchasing an additional 1,055 shares during the quarter. Norinchukin Bank The’s holdings in AMTEK were worth $967,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. OppenheimerFunds Inc. boosted its holdings in shares of AMTEK by 0.3% during the first quarter. OppenheimerFunds Inc. now owns 8,735 shares of the technology company’s stock worth $472,000 after purchasing an additional 30 shares during the last quarter. Contravisory Investment Management Inc. boosted its holdings in AMTEK by 0.7% in the second quarter. Contravisory Investment Management Inc. now owns 4,798 shares of the technology company’s stock valued at $291,000 after acquiring an additional 32 shares during the last quarter. Cadence Capital Management LLC boosted its holdings in AMTEK by 0.6% in the first quarter. Cadence Capital Management LLC now owns 6,898 shares of the technology company’s stock valued at $373,000 after acquiring an additional 41 shares during the last quarter. Morgan Dempsey Capital Management LLC boosted its holdings in 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 acquiring an additional 59 shares during the last quarter. Finally, Sandy Spring Bank boosted its holdings in AMTEK by 4.1% in the first quarter. Sandy Spring Bank now owns 1,847 shares of the technology company’s stock valued at $262,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds own 85.62% of the company’s stock.
In other AMTEK news, VP Thomas M. Montgomery sold 1,500 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $64.49, for a total transaction of $96,735.00. Following the completion of the transaction, the vice president now owns 21,747 shares of the company’s stock, valued at approximately $1,402,464.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Wesley Hardin sold 2,600 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $64.51, for a total transaction of $167,726.00. Following the transaction, the insider now directly owns 59,698 shares of the company’s stock, valued at approximately $3,851,117.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,100 shares of company stock valued at $454,181. Company insiders own 2.10% of the company’s stock.
A number of research analysts recently weighed in on AME shares. Zacks Investment Research cut AMTEK from a “buy” rating to a “hold” rating in a report on Monday, May 29th. 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. Cowen and Company reiterated an “outperform” rating and issued a $66.00 target price (up previously from $62.00) on shares of AMTEK in a report on Friday, July 7th. BMO Capital Markets lifted their target price on AMTEK from $67.00 to $69.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. lifted their target price on AMTEK from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $65.18.
AMTEK, Inc. (AME) opened at 66.31 on Tuesday. The firm has a 50-day moving average price of $63.45 and a 200 day moving average price of $59.68. The stock has a market capitalization of $15.30 billion, a price-to-earnings ratio of 29.10 and a beta of 1.31. AMTEK, Inc. has a 52-week low of $43.98 and a 52-week high of $66.36.
AMTEK (NYSE:AME) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. On average, equities research analysts predict that AMTEK, Inc. will post $2.52 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, September 14th. AMTEK’s dividend payout ratio is 15.79%.
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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