AMTEK, Inc. (AME) Shares Bought by Banque Pictet & Cie SA
Banque Pictet & Cie SA increased its stake in shares of AMTEK, Inc. (NYSE:AME) by 9.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,310 shares of the technology company’s stock after buying an additional 18,515 shares during the period. Banque Pictet & Cie SA owned about 0.09% of AMTEK worth $12,496,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. TLP Group LLC raised 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 valued at $384,000 after buying an additional 3,234 shares in the last quarter. Commerce Bank raised its stake in AMTEK by 4.2% in the first quarter. Commerce Bank now owns 29,192 shares of the technology company’s stock valued at $1,579,000 after buying an additional 1,187 shares in the last quarter. Janney Montgomery Scott LLC raised 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 valued at $426,000 after buying an additional 2,548 shares in the last quarter. State Treasurer State of Michigan raised its stake in AMTEK by 0.3% in the second quarter. State Treasurer State of Michigan now owns 75,584 shares of the technology company’s stock valued at $4,578,000 after buying an additional 200 shares in the last quarter. Finally, Intrust Bank NA raised its stake in AMTEK by 13.5% in the first quarter. Intrust Bank NA now owns 4,755 shares of the technology company’s stock valued at $257,000 after buying an additional 564 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.
AMTEK, Inc. (NYSE:AME) traded down 0.03% during mid-day trading on Friday, reaching $63.23. 1,101,547 shares of the company traded hands. The company’s 50-day moving average is $62.56 and its 200-day moving average is $58.90. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 27.74 and a beta of 1.31. AMTEK, Inc. has a 12-month low of $43.98 and a 12-month high of $64.97.
AMTEK (NYSE:AME) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. AMTEK had a return on equity of 16.28% and a net margin of 13.26%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 earnings per share. Equities analysts predict that AMTEK, Inc. will post $2.53 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.57%. AMTEK’s dividend payout ratio (DPR) is 15.79%.
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Several analysts have recently weighed in on AME shares. Zacks Investment Research lowered shares of AMTEK from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $69.00 price objective (up previously from $66.00) on shares of AMTEK in a research note on Thursday, June 8th. Cowen and Company reiterated an “outperform” rating and issued a $66.00 price objective (up previously from $62.00) on shares of AMTEK in a research note on Friday, July 7th. BMO Capital Markets lifted their price objective on shares of AMTEK from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Finally, Morgan Stanley lifted their price objective on shares of AMTEK from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Monday, May 8th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $64.91.
In other AMTEK news, Director Elizebeth R. Varet sold 3,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $63.24, for a total value of $189,720.00. Following the completion of the transaction, the director now owns 117,880 shares in the company, valued at $7,454,731.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Thomas M. Montgomery sold 1,500 shares of the stock in a transaction 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 completion of the transaction, the vice president now owns 21,747 shares of the company’s stock, valued at approximately $1,402,464.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,100 shares of company stock valued at $828,041. 2.10% of the stock is owned by corporate insiders.
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.
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