AMTEK, Inc. (NYSE:AME) VP Thomas M. Montgomery sold 1,800 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $70.35, for a total transaction of $126,630.00. Following the sale, the vice president now directly owns 19,947 shares in the company, valued at $1,403,271.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
AMTEK, Inc. (AME) traded up $0.14 during midday trading on Friday, hitting $70.26. 2,939,399 shares of the stock were exchanged, compared to its average volume of 1,352,622. AMTEK, Inc. has a 1-year low of $45.78 and a 1-year high of $70.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.59 and a quick ratio of 1.16. The firm has a market capitalization of $16,210.00, a P/E ratio of 27.91, a PEG ratio of 2.36 and a beta of 1.33.
AMTEK (NYSE:AME) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.04. AMTEK had a net margin of 13.37% and a return on equity of 16.48%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business posted $0.56 earnings per share. AMTEK’s revenue for the quarter was up 14.8% compared to the same quarter last year. analysts anticipate that AMTEK, Inc. will post 2.58 EPS for the current fiscal year.
The firm 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 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Tuesday, December 5th. AMTEK’s dividend payout ratio is presently 15.13%.
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Several analysts have issued reports on the stock. Robert W. Baird boosted their target price on shares of AMTEK from $70.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Morgan Stanley boosted their target price on shares of AMTEK from $64.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 3rd. Zacks Investment Research raised shares of AMTEK from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Monday. BMO Capital Markets boosted their target price on shares of AMTEK from $77.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Finally, Oppenheimer Holdings, Inc. boosted their target price on shares of AMTEK to $75.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $71.80.
A number of large investors have recently modified their holdings of AME. Janus Henderson Group PLC boosted its holdings in AMTEK by 22,076.4% in the second quarter. Janus Henderson Group PLC now owns 6,403,670 shares of the technology company’s stock worth $387,870,000 after purchasing an additional 6,374,794 shares in the last quarter. Boston Partners boosted its holdings in AMTEK by 21.7% in the third quarter. Boston Partners now owns 5,233,468 shares of the technology company’s stock worth $345,618,000 after purchasing an additional 932,008 shares in the last quarter. Vanguard Group Inc. boosted its holdings in AMTEK by 3.1% in the second quarter. Vanguard Group Inc. now owns 22,577,145 shares of the technology company’s stock worth $1,367,497,000 after purchasing an additional 687,292 shares in the last quarter. SG Americas Securities LLC boosted its holdings in AMTEK by 2,013.0% in the second quarter. SG Americas Securities LLC now owns 631,958 shares of the technology company’s stock worth $38,278,000 after purchasing an additional 602,050 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in AMTEK in the second quarter worth $17,144,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.
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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