Raymond James Trust N.A. Buys 158 Shares of AMTEK, Inc. (AME)
Raymond James Trust N.A. grew its stake in shares of AMTEK, Inc. (NYSE:AME) by 2.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 8,142 shares of the technology company’s stock after acquiring an additional 158 shares during the period. Raymond James Trust N.A.’s holdings in AMTEK were worth $493,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of AMTEK by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 21,889,853 shares of the technology company’s stock valued at $1,183,804,000 after acquiring an additional 484,592 shares during the last quarter. FMR LLC lifted its holdings in shares of AMTEK by 3.4% in the first quarter. FMR LLC now owns 21,688,705 shares of the technology company’s stock valued at $1,172,925,000 after purchasing an additional 717,489 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of AMTEK by 3,109.3% in the first quarter. BlackRock Inc. now owns 13,823,451 shares of the technology company’s stock valued at $747,572,000 after purchasing an additional 13,392,716 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of AMTEK by 9.0% in the first quarter. Wellington Management Group LLP now owns 10,528,307 shares of the technology company’s stock valued at $569,372,000 after purchasing an additional 868,895 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of AMTEK by 2.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,743,890 shares of the technology company’s stock valued at $256,549,000 after purchasing an additional 107,817 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.
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In other news, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Wesley Hardin sold 2,600 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $64.51, for a total transaction of $167,726.00. Following the sale, the insider now directly owns 59,698 shares of the company’s stock, valued at approximately $3,851,117.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,100 shares of company stock valued at $454,181. 2.10% of the stock is currently owned by insiders.
Shares of AMTEK, Inc. (AME) opened at 65.33 on Friday. The company has a market cap of $15.08 billion, a PE ratio of 28.67 and a beta of 1.31. AMTEK, Inc. has a 1-year low of $43.98 and a 1-year high of $65.84. The company has a 50 day moving average of $63.32 and a 200 day moving average of $59.53.
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, beating the Zacks’ consensus estimate of $0.62 by $0.03. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. Equities analysts expect that AMTEK, Inc. will post $2.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Thursday, September 14th. AMTEK’s dividend payout ratio (DPR) is presently 15.79%.
AME has been the subject of a number of research analyst reports. Zacks Investment Research upgraded AMTEK from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Monday, August 7th. Cowen and Company reaffirmed an “outperform” rating and issued a $66.00 price target (up from $62.00) on shares of AMTEK in a research note on Friday, July 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $69.00 price target (up from $66.00) on shares of AMTEK in a research note on Thursday, June 8th. BMO Capital Markets upped their price target on shares of AMTEK from $67.00 to $69.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Finally, BidaskClub downgraded shares of AMTEK from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. AMTEK presently has a consensus rating of “Buy” and an average target price of $65.18.
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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