Thomas M. Montgomery Sells 1,500 Shares of AMTEK, Inc. (AME) Stock
AMTEK, Inc. (NYSE:AME) VP Thomas M. Montgomery sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $64.49, for a total value of $96,735.00. Following the transaction, the vice president now owns 21,747 shares in the company, valued at approximately $1,402,464.03. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
AMTEK, Inc. (NYSE AME) traded down 0.51% during midday trading on Monday, reaching $64.19. The company had a trading volume of 641,781 shares. The company has a market capitalization of $14.77 billion, a P/E ratio of 28.17 and a beta of 1.34. AMTEK, Inc. has a 52-week low of $43.30 and a 52-week high of $64.59. The company’s 50 day moving average is $61.39 and its 200-day moving average is $57.13.
AMTEK (NYSE:AME) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $0.59 earnings per share. Equities analysts expect that AMTEK, Inc. will post $2.52 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.09 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.36 annualized dividend and a yield of 0.56%. AMTEK’s dividend payout ratio (DPR) is 15.79%.
Several equities research analysts have recently commented on AME shares. Zacks Investment Research raised AMTEK from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Monday. Cowen and Company reissued an “outperform” rating and set a $66.00 price target (up previously from $62.00) on shares of AMTEK in a research note on Friday, July 7th. Stifel Nicolaus reissued a “buy” rating and set a $69.00 price target (up previously from $66.00) on shares of AMTEK in a research note on Thursday, June 8th. BMO Capital Markets boosted their price target on AMTEK from $67.00 to $69.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, BidaskClub lowered AMTEK from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $65.09.
Hedge funds and other institutional investors have recently bought and sold shares of the company. First Personal Financial Services raised its position in AMTEK by 23.9% in the first quarter. First Personal Financial Services now owns 2,075 shares of the technology company’s stock valued at $112,000 after buying an additional 400 shares during the period. Van ECK Associates Corp raised its position in AMTEK by 7.0% in the first quarter. Van ECK Associates Corp now owns 3,008 shares of the technology company’s stock valued at $163,000 after buying an additional 196 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in AMTEK by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,229 shares of the technology company’s stock valued at $175,000 after buying an additional 19 shares during the period. Morgan Dempsey Capital Management LLC raised its position in AMTEK by 1.7% in the first quarter. Morgan Dempsey Capital Management LLC now owns 3,464 shares of the technology company’s stock valued at $187,000 after buying an additional 59 shares during the period. Finally, Charter Trust Co. acquired a new position in AMTEK during the first quarter valued at about $200,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.
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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