AMTEK, Inc. (NYSE:AME) insider John Wesley Hardin sold 2,600 shares of AMTEK stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $64.51, for a total value of $167,726.00. Following the completion of the transaction, the insider now owns 59,698 shares of the company’s stock, valued at approximately $3,851,117.98. The sale was disclosed in a document filed with the SEC, which is available at this link.
AMTEK, Inc. (NYSE AME) traded up 0.24% during midday trading on Friday, hitting $62.94. The stock had a trading volume of 875,060 shares. The company’s 50 day moving average is $62.23 and its 200 day moving average is $58.14. The company has a market cap of $14.53 billion, a price-to-earnings ratio of 27.62 and a beta of 1.34. AMTEK, Inc. has a 1-year low of $43.98 and a 1-year high of $64.97.
AMTEK (NYSE:AME) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm posted $0.59 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities analysts anticipate that AMTEK, Inc. will post $2.53 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders 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 dividend yield of 0.57%. The ex-dividend date is Thursday, September 14th. AMTEK’s dividend payout ratio is currently 15.79%.
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Several hedge funds have recently made changes to their positions in AME. Macquarie Group Ltd. boosted its stake in AMTEK by 2,592.1% in the fourth quarter. Macquarie Group Ltd. now owns 166,908 shares of the technology company’s stock valued at $8,112,000 after buying an additional 160,708 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in AMTEK by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 199,949 shares of the technology company’s stock valued at $10,814,000 after buying an additional 4,434 shares during the period. Contravisory Investment Management Inc. bought a new stake in AMTEK during the first quarter valued at $258,000. Raymond James Trust N.A. boosted its stake in AMTEK by 9.0% in the first quarter. Raymond James Trust N.A. now owns 7,984 shares of the technology company’s stock valued at $432,000 after buying an additional 661 shares during the period. Finally, Charter Trust Co. bought a new stake in AMTEK during the first quarter valued at $200,000. Institutional investors own 89.49% of the company’s stock.
A number of research firms recently issued reports on AME. Oppenheimer Holdings, Inc. boosted their price objective on AMTEK from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. BMO Capital Markets lifted their target price on AMTEK from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. BidaskClub downgraded AMTEK from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research raised AMTEK from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Monday, August 7th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $69.00 target price (up 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 ten have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $65.09.
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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