LS Investment Advisors LLC raised its position in shares of AMTEK, Inc. (NYSE:AME) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. First Personal Financial Services increased its position in shares of 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 increased its position in shares of 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. increased its position in shares of 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 increased its position in shares of 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. acquired a new position in shares of AMTEK during the first quarter worth about $200,000. 89.53% of the stock is currently owned by institutional investors.
AMTEK, Inc. (NYSE AME) opened at 63.56 on Thursday. The stock has a 50 day moving average price of $61.72 and a 200 day moving average price of $57.62. The company has a market capitalization of $14.63 billion, a price-to-earnings ratio of 27.89 and a beta of 1.34. AMTEK, Inc. has a 12-month low of $43.98 and a 12-month high of $64.97.
AMTEK (NYSE:AME) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm posted $0.59 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts expect that AMTEK, Inc. will post $2.52 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.36 annualized dividend and a yield of 0.57%. AMTEK’s payout ratio is 15.79%.
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A number of brokerages recently commented on AME. Morgan Stanley boosted their target price on AMTEK from $57.00 to $62.00 and gave the company an “equal weight” rating in a research report on Monday, May 8th. Oppenheimer Holdings, Inc. boosted their target price 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 reaffirmed a “buy” rating and issued a $67.00 target price on shares of AMTEK in a research report on Tuesday, June 27th. Zacks Investment Research raised AMTEK from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Monday, June 5th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $67.00 price objective on shares of AMTEK in a report on Tuesday, June 6th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $65.09.
In related news, Director James R. Malone sold 1,190 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $59.65, for a total transaction of $70,983.50. Following the transaction, the director now directly owns 4,300 shares in the company, valued at approximately $256,495. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ronald J. Oscher sold 5,315 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $60.05, for a total transaction of $319,165.75. Following the transaction, the insider now owns 32,131 shares in the company, valued at $1,929,466.55. The disclosure for this sale can be found here. Insiders have sold a total of 56,560 shares of company stock worth $3,503,683 over the last quarter. 2.10% of the stock is currently owned by insiders.
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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