Several other research analysts also recently issued reports on AME. Zacks Investment Research downgraded shares of AMTEK from a buy rating to a hold rating in a research report on Monday, August 21st. Robert W. Baird reiterated a buy rating and set a $70.00 price target on shares of AMTEK in a research report on Friday, October 6th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $72.00.
AMTEK (AME) opened at $71.71 on Monday. The stock has a market cap of $16,670.48, a PE ratio of 28.97, a P/E/G ratio of 2.35 and a beta of 1.36. The company has a current ratio of 1.59, a quick ratio of 1.16 and a debt-to-equity ratio of 0.51. AMTEK has a 52-week low of $48.21 and a 52-week high of $73.06.
AMTEK (NYSE:AME) last issued its quarterly earnings results 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. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. AMTEK had a net margin of 13.37% and a return on equity of 16.48%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. analysts forecast that AMTEK will post 2.58 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 5th. This represents a $0.36 dividend on an annualized basis and a yield of 0.50%. AMTEK’s payout ratio is presently 15.13%.
In other AMTEK news, Director Elizebeth R. Varet sold 3,050 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $71.83, for a total transaction of $219,081.50. Following the transaction, the director now directly owns 117,930 shares in the company, valued at approximately $8,470,911.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Zapico sold 25,965 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $71.77, for a total transaction of $1,863,508.05. Following the transaction, the insider now owns 200,548 shares in the company, valued at $14,393,329.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 196,970 shares of company stock worth $13,238,102. Corporate insiders own 2.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in AME. Janus Henderson Group PLC increased its stake in shares of AMTEK by 22,076.4% in the 2nd quarter. Janus Henderson Group PLC now owns 6,403,670 shares of the technology company’s stock valued at $387,870,000 after acquiring an additional 6,374,794 shares during the last quarter. Boston Partners increased its stake in shares of AMTEK by 21.7% in the 3rd quarter. Boston Partners now owns 5,233,468 shares of the technology company’s stock valued at $345,618,000 after acquiring an additional 932,008 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of AMTEK by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 22,577,145 shares of the technology company’s stock valued at $1,367,497,000 after acquiring an additional 687,292 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of AMTEK by 2,013.0% in the 2nd quarter. SG Americas Securities LLC now owns 631,958 shares of the technology company’s stock valued at $38,278,000 after acquiring an additional 602,050 shares during the last quarter. Finally, Balyasny Asset Management LLC bought a new stake in shares of AMTEK in the 2nd quarter valued at about $15,287,000. 84.40% of the stock is owned by institutional investors.
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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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