Pictet & Cie Europe SA Has $1.11 Million Position in AMTEK, Inc. (AME)
Pictet & Cie Europe SA lowered its stake in shares of AMTEK, Inc. (NYSE:AME) by 13.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,242 shares of the technology company’s stock after selling 2,773 shares during the period. Pictet & Cie Europe SA’s holdings in AMTEK were worth $1,105,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of AME. PICTET BANK & TRUST Ltd increased its position in shares of AMTEK by 164.3% in the second quarter. PICTET BANK & TRUST Ltd now owns 20,190 shares of the technology company’s stock valued at $1,223,000 after buying an additional 12,550 shares during the last quarter. Swiss National Bank increased its position in shares of AMTEK by 2.3% in the second quarter. Swiss National Bank now owns 838,493 shares of the technology company’s stock valued at $50,788,000 after buying an additional 18,600 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of AMTEK by 1.0% in the second quarter. Principal Financial Group Inc. now owns 362,029 shares of the technology company’s stock valued at $21,929,000 after buying an additional 3,431 shares during the last quarter. Keybank National Association OH boosted its stake in AMTEK by 4.0% in the second quarter. Keybank National Association OH now owns 4,742 shares of the technology company’s stock valued at $287,000 after buying an additional 181 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in AMTEK during the second quarter valued at approximately $384,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.
AMTEK, Inc. (AME) traded down 0.03% on Friday, hitting $63.23. The stock had a trading volume of 1,101,547 shares. AMTEK, Inc. has a 12 month low of $43.98 and a 12 month high of $64.97. The company’s 50 day moving average is $62.56 and its 200-day moving average is $58.90. The stock has a market cap of $14.59 billion, a P/E ratio of 27.74 and a beta of 1.31.
AMTEK (NYSE:AME) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. AMTEK had a return on equity of 16.28% and a net margin of 13.26%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. Analysts forecast that AMTEK, Inc. will post $2.53 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.09 per share. 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 is currently 15.79%.
Several equities research analysts recently commented on the company. Oppenheimer Holdings, Inc. increased their price objective on AMTEK from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. BMO Capital Markets increased their price objective on AMTEK from $67.00 to $69.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut AMTEK from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub cut AMTEK from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $69.00 price objective (up from $66.00) on shares of AMTEK in a research report on Thursday, June 8th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $64.91.
In other AMTEK news, VP Thomas M. Montgomery sold 1,500 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $64.49, for a total transaction of $96,735.00. Following the transaction, the vice president now owns 21,747 shares in the company, valued at $1,402,464.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizebeth R. Varet sold 3,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $61.96, for a total value of $185,880.00. Following the transaction, the director now owns 123,880 shares in the company, valued at approximately $7,675,604.80. The disclosure for this sale can be found here. Insiders have sold 13,100 shares of company stock worth $828,041 in the last quarter. 2.10% of the stock is currently owned by company 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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