State Treasurer State of Michigan increased its position in shares of AMTEK, Inc. (NYSE:AME) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,584 shares of the technology company’s stock after buying an additional 200 shares during the period. State Treasurer State of Michigan’s holdings in AMTEK were worth $4,578,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of AME. TLP Group LLC increased its stake in AMTEK by 83.8% in the first quarter. TLP Group LLC now owns 7,092 shares of the technology company’s stock worth $384,000 after buying an additional 3,234 shares during the last quarter. Forte Capital LLC ADV increased its stake in AMTEK by 4.0% in the first quarter. Forte Capital LLC ADV now owns 90,588 shares of the technology company’s stock worth $4,899,000 after buying an additional 3,470 shares during the last quarter. Commerce Bank increased its stake in AMTEK by 4.2% in the first quarter. Commerce Bank now owns 29,192 shares of the technology company’s stock worth $1,579,000 after buying an additional 1,187 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in AMTEK by 47.8% in the first quarter. Janney Montgomery Scott LLC now owns 7,873 shares of the technology company’s stock worth $426,000 after buying an additional 2,548 shares during the last quarter. Finally, Harvey Investment Co. LLC increased its stake in AMTEK by 18.0% in the first quarter. Harvey Investment Co. LLC now owns 25,799 shares of the technology company’s stock worth $1,395,000 after buying an additional 3,935 shares during the last quarter. Institutional investors own 89.49% of the company’s stock.

Shares of AMTEK, Inc. (NYSE AME) traded up 0.24% on Friday, hitting $62.94. The company had a trading volume of 875,060 shares. The stock has a market cap of $14.53 billion, a PE ratio of 27.62 and a beta of 1.34. The company has a 50-day moving average of $62.23 and a 200 day moving average of $58.14. AMTEK, Inc. has a 12 month low of $43.98 and a 12 month high of $64.97.

AMTEK (NYSE:AME) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.62 by $0.03. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business earned $0.59 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts anticipate that AMTEK, Inc. will post $2.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, September 14th. AMTEK’s dividend payout ratio is presently 15.79%.

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AME has been the subject of a number of research reports. Zacks Investment Research downgraded shares of AMTEK from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Stifel Nicolaus reiterated a “buy” rating and set a $69.00 price target (up from $66.00) on shares of AMTEK in a research report on Thursday, June 8th. BMO Capital Markets reiterated an “outperform” rating and set a $67.00 price target (up from $65.00) on shares of AMTEK in a research report on Wednesday, May 3rd. Cowen and Company restated an “outperform” rating and set a $66.00 price objective (up from $62.00) on shares of AMTEK in a research report on Friday, July 7th. Finally, Morgan Stanley lifted their price objective on AMTEK from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday, May 8th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $65.09.

In related news, insider Timothy N. Jones sold 39,955 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $61.95, for a total value of $2,475,212.25. Following the completion of the sale, the insider now owns 40,025 shares in the company, valued at approximately $2,479,548.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Elizebeth R. Varet sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $63.24, for a total transaction of $189,720.00. Following the completion of the sale, the director now owns 117,880 shares of the company’s stock, valued at approximately $7,454,731.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,055 shares of company stock valued at $3,303,253. Company insiders own 2.10% of the company’s stock.

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.

Institutional Ownership by Quarter for AMTEK (NYSE:AME)

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