Security Asset Management held its stake in shares of AMTEK, Inc. (NYSE:AME) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 36,335 shares of the technology company’s stock at the end of the second quarter. AMTEK accounts for 1.8% of Security Asset Management’s investment portfolio, making the stock its 21st largest position. Security Asset Management’s holdings in AMTEK were worth $2,201,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. TLP Group LLC raised its stake in shares of AMTEK by 83.8% in the first quarter. TLP Group LLC now owns 7,092 shares of the technology company’s stock valued at $384,000 after buying an additional 3,234 shares during the period. Forte Capital LLC ADV raised its stake in shares of AMTEK by 4.0% in the first quarter. Forte Capital LLC ADV now owns 90,588 shares of the technology company’s stock valued at $4,899,000 after buying an additional 3,470 shares during the period. Commerce Bank raised its stake in shares of AMTEK by 4.2% in the first quarter. Commerce Bank now owns 29,192 shares of the technology company’s stock valued at $1,579,000 after buying an additional 1,187 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of AMTEK by 47.8% in the first quarter. Janney Montgomery Scott LLC now owns 7,873 shares of the technology company’s stock valued at $426,000 after buying an additional 2,548 shares during the period. Finally, Harvey Investment Co. LLC raised its stake in shares of AMTEK by 18.0% in the first quarter. Harvey Investment Co. LLC now owns 25,799 shares of the technology company’s stock valued at $1,395,000 after buying an additional 3,935 shares during the period. 89.49% of the stock is currently owned by institutional investors and hedge funds.
AMTEK, Inc. (NYSE:AME) traded up 0.86% during trading on Monday, hitting $63.12. The stock had a trading volume of 770,517 shares. AMTEK, Inc. has a 1-year low of $43.98 and a 1-year high of $64.97. The firm’s 50-day moving average price is $61.84 and its 200-day moving average price is $57.74. The stock has a market cap of $14.57 billion, a PE ratio of 27.70 and a beta of 1.34.
AMTEK (NYSE:AME) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 16.28% and a net margin of 13.26%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $0.59 EPS. On average, equities research analysts predict that AMTEK, Inc. will post $2.53 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Thursday, September 14th. AMTEK’s payout ratio is currently 15.79%.
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A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded AMTEK from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Monday, August 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 research note on Thursday, August 3rd. Oppenheimer Holdings, Inc. lifted their target price on AMTEK from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $66.00 target price on shares of AMTEK in a research note on Thursday, August 3rd. Finally, BidaskClub downgraded AMTEK from a “buy” rating to a “hold” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $65.09.
In other news, insider Timothy N. Jones sold 39,955 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $61.95, for a total transaction of $2,475,212.25. Following the completion of the sale, the insider now directly owns 40,025 shares of the company’s stock, valued at approximately $2,479,548.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas M. Montgomery sold 1,500 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $64.49, for a total value of $96,735.00. Following the sale, the vice president now directly owns 21,747 shares of the company’s stock, valued at $1,402,464.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,370 shares of company stock valued at $3,432,699. Corporate insiders own 2.10% of the company’s stock.
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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