AMTEK, Inc. (AME) Insider Sells $167,726.00 in Stock
AMTEK, Inc. (NYSE:AME) insider John Wesley Hardin sold 2,600 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $64.51, for a total value of $167,726.00. Following the transaction, the insider now owns 59,698 shares in the company, valued at $3,851,117.98. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
AMTEK, Inc. (AME) traded down 0.51% during trading on Monday, reaching $64.19. The company had a trading volume of 641,781 shares. AMTEK, Inc. has a one year low of $43.30 and a one year high of $64.59. The company has a market capitalization of $14.77 billion, a PE ratio of 28.17 and a beta of 1.34. The firm’s 50 day moving average is $61.39 and its 200 day moving average is $57.13.
AMTEK (NYSE:AME) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. AMTEK had a return on equity of 16.28% and a net margin of 13.26%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business posted $0.59 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts predict that AMTEK, Inc. will post $2.52 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.56%. AMTEK’s dividend payout ratio (DPR) is presently 15.79%.
A number of large investors have recently modified their holdings of the stock. First Personal Financial Services increased its stake 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 during the period. Van ECK Associates Corp increased its stake 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 during the period. Benjamin F. Edwards & Company Inc. increased its stake 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 during the period. Morgan Dempsey Capital Management LLC increased its stake 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 during the period. Finally, Charter Trust Co. bought a new stake in shares of AMTEK during the first quarter worth about $200,000. Institutional investors and hedge funds own 89.53% of the company’s stock.
Several brokerages have recently commented on AME. Zacks Investment Research upgraded AMTEK from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Monday. BMO Capital Markets increased their price objective on AMTEK from $67.00 to $69.00 and gave the company an “outperform” rating in a research report on Thursday. Oppenheimer Holdings, Inc. increased their price objective on AMTEK from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday. Jefferies Group LLC reiterated a “buy” rating and set a $66.00 price objective on shares of AMTEK in a research report on Thursday. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $67.00 price objective on shares of AMTEK in a research report on Tuesday, June 6th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $65.09.
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.
Receive News & Ratings for AMTEK Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMTEK Inc. and related companies with MarketBeat.com's FREE daily email newsletter.