Amtek Inc. (AME) to Issue Quarterly Dividend of $0.09 on December 21st
Amtek Inc. (NYSE:AME) announced a quarterly dividend on Thursday, November 3rd. Stockholders of record on Wednesday, December 7th will be given a dividend of 0.09 per share on Wednesday, December 21st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Monday, December 5th.
Shares of Amtek (NYSE:AME) opened at 45.98 on Wednesday. Amtek has a 12-month low of $42.82 and a 12-month high of $56.57. The stock’s 50 day moving average price is $46.01 and its 200-day moving average price is $47.11. The company has a market cap of $10.64 billion, a PE ratio of 19.99 and a beta of 1.11.
Amtek (NYSE:AME) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. Amtek had a net margin of 14.01% and a return on equity of 16.68%. The company had revenue of $945 million for the quarter, compared to the consensus estimate of $956.33 million. During the same quarter in the previous year, the firm posted $0.65 EPS. The business’s revenue was down 5.4% compared to the same quarter last year. On average, equities research analysts forecast that Amtek will post $2.30 earnings per share for the current year.
A number of analysts recently weighed in on AME shares. RBC Capital Markets reissued an “outperform” rating and issued a $57.00 target price (down previously from $59.00) on shares of Amtek in a research note on Wednesday, November 2nd. Royal Bank Of Canada lowered their target price on shares of Amtek from $59.00 to $57.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 2nd. BMO Capital Markets set a $53.00 target price on shares of Amtek and gave the company a “buy” rating in a research note on Friday, August 5th. Janney Montgomery Scott started coverage on shares of Amtek in a research note on Monday, October 24th. They issued a “buy” rating and a $56.00 target price on the stock. Finally, Zacks Investment Research raised shares of Amtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 2nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $53.27.
COPYRIGHT VIOLATION WARNING: “Amtek Inc. (AME) to Issue Quarterly Dividend of $0.09 on December 21st” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another website, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be read at https://www.thecerbatgem.com/2016/11/30/amtek-inc-ame-to-issue-quarterly-dividend-of-0-09-on-december-21st.html.
Several institutional investors have recently made changes to their positions in the company. FMR LLC raised its position in shares of Amtek by 12.1% in the second quarter. FMR LLC now owns 31,049,923 shares of the company’s stock worth $1,435,438,000 after buying an additional 3,342,925 shares during the last quarter. Third Point LLC acquired a new position in shares of Amtek during the second quarter valued at $124,821,000. Massachusetts Financial Services Co. MA raised its position in shares of Amtek by 19.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,370,103 shares of the company’s stock valued at $155,799,000 after buying an additional 538,119 shares in the last quarter. Mawer Investment Management Ltd. raised its position in shares of Amtek by 20.0% in the second quarter. Mawer Investment Management Ltd. now owns 2,377,392 shares of the company’s stock valued at $109,907,000 after buying an additional 396,650 shares in the last quarter. Finally, Carlson Capital L P acquired a new position in shares of Amtek during the second quarter valued at $16,185,000. Institutional investors own 87.23% of the company’s stock.
Amtek Company Profile
AMETEK, Inc (AMETEK) is a manufacturer of electronic instruments and electromechanical devices. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures advanced instruments for the process, aerospace, power and industrial markets.
Receive News & Stock 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 stocks with our FREE daily email newsletter.