AMTEK, Inc. (NYSE:AME) Director Elizebeth R. Varet sold 3,050 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $71.83, for a total transaction of $219,081.50. Following the completion of the sale, the director now owns 117,930 shares in the company, valued at $8,470,911.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

AMTEK, Inc. (NYSE AME) traded up $1.01 during mid-day trading on Thursday, hitting $72.69. 1,569,731 shares of the stock were exchanged, compared to its average volume of 1,348,348. AMTEK, Inc. has a twelve month low of $45.78 and a twelve month high of $73.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.59 and a quick ratio of 1.16. The firm has a market capitalization of $16,640.44, a price-to-earnings ratio of 28.92, a P/E/G ratio of 2.45 and a beta of 1.33.

AMTEK (NYSE:AME) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.04. AMTEK had a net margin of 13.37% and a return on equity of 16.48%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the business earned $0.56 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. equities research analysts predict that AMTEK, Inc. will post 2.58 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be issued 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 dividend yield of 0.50%. AMTEK’s dividend payout ratio is currently 15.13%.

Several hedge funds have recently added to or reduced their stakes in the company. QS Investors LLC raised its holdings in shares of AMTEK by 0.9% during the second quarter. QS Investors LLC now owns 2,846 shares of the technology company’s stock valued at $172,000 after acquiring an additional 25 shares during the period. Cadence Capital Management LLC grew its position in AMTEK by 0.9% during the second quarter. Cadence Capital Management LLC now owns 6,960 shares of the technology company’s stock valued at $422,000 after purchasing an additional 62 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in AMTEK by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,096 shares of the technology company’s stock valued at $1,036,000 after purchasing an additional 74 shares in the last quarter. Shufro Rose & Co. LLC grew its position in AMTEK by 1.4% during the second quarter. Shufro Rose & Co. LLC now owns 5,224 shares of the technology company’s stock valued at $316,000 after purchasing an additional 74 shares in the last quarter. Finally, M&T Bank Corp grew its position in AMTEK by 0.3% during the second quarter. M&T Bank Corp now owns 33,724 shares of the technology company’s stock valued at $2,043,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 84.23% of the company’s stock.

AME has been the topic of a number of research reports. Zacks Investment Research upgraded shares of AMTEK from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Tuesday, September 5th. Royal Bank Of Canada reiterated a “buy” rating and issued a $70.00 target price on shares of AMTEK in a report on Friday, October 13th. Morgan Stanley boosted their target price on shares of AMTEK from $64.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Finally, BMO Capital Markets boosted their target price on shares of AMTEK from $67.00 to $69.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. AMTEK has a consensus rating of “Buy” and an average price target of $71.80.

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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.

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

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