State Street Corp raised its position in AMTEK, Inc. (NYSE:AME) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,581,722 shares of the technology company’s stock after buying an additional 10,567 shares during the period. State Street Corp owned about 4.16% of AMTEK worth $518,186,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in AME. BlackRock Inc. boosted its stake in shares of AMTEK by 3,109.3% in the first quarter. BlackRock Inc. now owns 13,823,451 shares of the technology company’s stock valued at $747,572,000 after buying an additional 13,392,716 shares during the period. Boston Partners boosted its stake in shares of AMTEK by 534.8% in the first quarter. Boston Partners now owns 3,439,416 shares of the technology company’s stock worth $186,004,000 after buying an additional 2,897,568 shares during the last quarter. Norges Bank bought a new position in AMTEK during the fourth quarter valued at $97,055,000. American Century Companies Inc. boosted its position in AMTEK by 115.2% in the first quarter. American Century Companies Inc. now owns 2,777,068 shares of the technology company’s stock valued at $150,184,000 after buying an additional 1,486,889 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in AMTEK by 9.0% in the first quarter. Wellington Management Group LLP now owns 10,528,307 shares of the technology company’s stock valued at $569,372,000 after buying an additional 868,895 shares in the last quarter. 89.79% of the stock is owned by institutional investors.
Shares of AMTEK, Inc. (NYSE AME) opened at 61.41 on Wednesday. AMTEK, Inc. has a 12-month low of $43.30 and a 12-month high of $62.89. The company has a 50 day moving average price of $60.95 and a 200 day moving average price of $55.18. The company has a market capitalization of $14.13 billion, a P/E ratio of 27.67 and a beta of 1.33.
AMTEK (NYSE:AME) last posted its quarterly earnings results on Tuesday, May 2nd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $961.36 million. AMTEK had a return on equity of 16.20% and a net margin of 13.24%. AMTEK’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 EPS. Equities analysts anticipate that AMTEK, Inc. will post $2.48 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Wednesday, June 14th. AMTEK’s dividend payout ratio (DPR) is presently 16.22%.
A number of research analysts have issued reports on AME shares. Zacks Investment Research lowered shares of AMTEK from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Cowen and Company reiterated an “outperform” rating and set a $66.00 price target (up previously from $62.00) on shares of AMTEK in a research report on Friday, July 7th. BMO Capital Markets reissued a “buy” rating and issued a $67.00 price objective on shares of AMTEK in a research note on Tuesday, June 27th. Stifel Nicolaus reissued a “buy” rating and issued a $69.00 price objective (up previously from $66.00) on shares of AMTEK in a research note on Thursday, June 8th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $67.00 price target on shares of AMTEK in a research note on Tuesday, June 6th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $63.18.
In other AMTEK news, Director James R. Malone sold 1,190 shares of AMTEK stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $59.65, for a total value 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony James Conti sold 4,756 shares of AMTEK stock in a transaction that occurred 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 $913,792.08. The disclosure for this sale can be found here. Insiders have sold a total of 83,956 shares of company stock worth $5,133,440 in the last three months. Corporate insiders own 2.10% 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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