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%.

COPYRIGHT VIOLATION WARNING: This piece of content was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/07/amtek-inc-ame-insider-sells-167726-00-in-stock.html.

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.

Insider Buying and Selling by Quarter for AMTEK (NYSE:AME)

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.