LS Investment Advisors LLC boosted its position in shares of AMTEK, Inc. (NYSE:AME) by 1.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 13,733 shares of the technology company’s stock after buying an additional 176 shares during the period. LS Investment Advisors LLC’s holdings in AMTEK were worth $832,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in AME. First Personal Financial Services boosted its stake in AMTEK by 23.9% in the first quarter. First Personal Financial Services now owns 2,075 shares of the technology company’s stock worth $112,000 after buying an additional 400 shares in the last quarter. Van ECK Associates Corp boosted its stake in AMTEK by 7.0% in the first quarter. Van ECK Associates Corp now owns 3,008 shares of the technology company’s stock worth $163,000 after buying an additional 196 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in AMTEK by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,229 shares of the technology company’s stock worth $175,000 after buying an additional 19 shares in the last quarter. Morgan Dempsey Capital Management LLC boosted its stake 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 worth $187,000 after buying an additional 59 shares in the last quarter. Finally, Charter Trust Co. purchased a new stake in AMTEK during the first quarter worth about $200,000. Institutional investors and hedge funds own 89.79% of the company’s stock.
Shares of AMTEK, Inc. (NYSE AME) opened at 60.91 on Friday. The stock’s 50 day moving average price is $61.45 and its 200 day moving average price is $56.40. AMTEK, Inc. has a one year low of $43.30 and a one year high of $62.89. The company has a market cap of $14.02 billion, a PE ratio of 27.45 and a beta of 1.33.
AMTEK (NYSE:AME) last issued its quarterly earnings results on Tuesday, May 2nd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.03. AMTEK had a return on equity of 16.20% and a net margin of 13.24%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $961.36 million. During the same quarter last year, the company posted $0.57 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities analysts predict that AMTEK, Inc. will post $2.48 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were paid a $0.09 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.59%. AMTEK’s payout ratio is 16.22%.
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A number of research firms have recently issued reports on AME. Morgan Stanley boosted their price objective on AMTEK from $57.00 to $62.00 and gave the company an “equal weight” rating in a research report on Monday, May 8th. BMO Capital Markets reiterated a “buy” rating and issued a $67.00 price target on shares of AMTEK in a research report on Tuesday, June 27th. Zacks Investment Research upgraded AMTEK from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Monday, June 5th. Royal Bank Of Canada reiterated a “buy” rating and issued a $67.00 price target on shares of AMTEK in a research report on Tuesday, June 6th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $66.00 price target (up from $63.00) on shares of AMTEK in a research report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $63.18.
In other news, VP William D. Eginton sold 14,598 shares of AMTEK stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $60.00, for a total value of $875,880.00. Following the transaction, the vice president now owns 54,290 shares in the company, valued at approximately $3,257,400. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Anthony James Conti sold 4,756 shares of AMTEK stock in a transaction on Friday, May 5th. The shares were sold at an average price of $60.42, for a total value of $287,357.52. Following the completion of the transaction, the director now owns 15,124 shares in the company, valued at approximately $913,792.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,956 shares of company stock worth $5,133,440. Corporate insiders own 2.10% of the company’s stock.
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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