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.

Dividend History for Amtek (NYSE:AME)

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.

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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.

5 Day Chart for NYSE:AME

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