AMTEK, Inc. (NYSE:AME) VP Thomas M. Montgomery sold 1,800 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $70.35, for a total value of $126,630.00. Following the sale, the vice president now owns 19,947 shares in the company, valued at $1,403,271.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of AMTEK, Inc. (NYSE AME) opened at $70.26 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.59 and a debt-to-equity ratio of 0.51. AMTEK, Inc. has a twelve month low of $45.78 and a twelve month high of $70.43. The stock has a market capitalization of $16,238.29, a PE ratio of 28.22, a P/E/G ratio of 2.39 and a beta of 1.33.
AMTEK (NYSE:AME) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.04. AMTEK had a return on equity of 16.48% and a net margin of 13.37%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm posted $0.56 EPS. AMTEK’s revenue was up 14.8% compared to the same quarter last year. equities research analysts anticipate that AMTEK, Inc. will post 2.58 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Tuesday, December 5th. AMTEK’s payout ratio is 15.13%.
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A number of hedge funds have recently bought and sold shares of AME. QS Investors LLC lifted its stake in AMTEK by 0.9% in the 2nd quarter. QS Investors LLC now owns 2,846 shares of the technology company’s stock worth $172,000 after purchasing an additional 25 shares in the last quarter. Contravisory Investment Management Inc. lifted its stake in AMTEK by 0.7% in the 2nd quarter. Contravisory Investment Management Inc. now owns 4,798 shares of the technology company’s stock worth $291,000 after purchasing an additional 32 shares in the last quarter. Cadence Capital Management LLC lifted its stake in AMTEK by 0.9% in the 2nd quarter. Cadence Capital Management LLC now owns 6,960 shares of the technology company’s stock worth $422,000 after purchasing an additional 62 shares in the last quarter. Shufro Rose & Co. LLC lifted its stake in AMTEK by 1.4% in the 2nd quarter. Shufro Rose & Co. LLC now owns 5,224 shares of the technology company’s stock worth $316,000 after purchasing an additional 74 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in AMTEK by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,096 shares of the technology company’s stock worth $1,036,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 83.90% of the company’s stock.
A number of equities research analysts have recently commented on AME shares. Zacks Investment Research upgraded AMTEK from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Tuesday, September 5th. Royal Bank Of Canada restated a “buy” rating and set a $70.00 target price on shares of AMTEK in a research report on Friday, October 13th. Morgan Stanley raised their target price on AMTEK from $64.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. BMO Capital Markets raised their target price on AMTEK from $67.00 to $69.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Finally, BidaskClub cut AMTEK from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. AMTEK presently has an average rating of “Buy” and an average price target of $71.80.
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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