Acrospire Investment Management LLC grew its position in AMTEK, Inc. (NYSE:AME) by 104.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,550 shares of the technology company’s stock after purchasing an additional 1,300 shares during the period. Acrospire Investment Management LLC’s holdings in AMTEK were worth $154,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in AMTEK by 2.3% in the first quarter. Vanguard Group Inc. now owns 21,889,853 shares of the technology company’s stock worth $1,183,804,000 after purchasing an additional 484,592 shares during the period. FMR LLC raised its holdings in AMTEK by 3.4% in the first quarter. FMR LLC now owns 21,688,705 shares of the technology company’s stock worth $1,172,925,000 after purchasing an additional 717,489 shares during the period. BlackRock Inc. raised its holdings in AMTEK by 0.8% in the second quarter. BlackRock Inc. now owns 13,935,315 shares of the technology company’s stock worth $844,062,000 after purchasing an additional 111,864 shares during the period. Wellington Management Group LLP raised its holdings in AMTEK by 9.0% in the first quarter. Wellington Management Group LLP now owns 10,528,307 shares of the technology company’s stock worth $569,372,000 after purchasing an additional 868,895 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in 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 worth $256,549,000 after purchasing an additional 107,817 shares during the period. Institutional investors own 85.62% of the company’s stock.

Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of AMTEK from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Thursday. BidaskClub downgraded shares of AMTEK from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. BMO Capital Markets increased their price objective on shares of AMTEK from $67.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. increased their price objective on shares of AMTEK from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reissued a “buy” rating and set a $66.00 price objective on shares of AMTEK in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. AMTEK currently has a consensus rating of “Buy” and an average target price of $65.18.

In other AMTEK news, VP Thomas M. Montgomery sold 1,500 shares of the company’s stock in a transaction on Monday, August 7th. The shares were 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Elizebeth R. Varet sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $63.24, for a total transaction of $189,720.00. Following the transaction, the director now owns 117,880 shares in the company, valued at approximately $7,454,731.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,100 shares of company stock worth $454,181. Corporate insiders own 2.10% of the company’s stock.

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AMTEK, Inc. (NYSE AME) traded up 0.58% on Monday, reaching $65.71. 101,009 shares of the company were exchanged. The stock has a market capitalization of $15.17 billion, a P/E ratio of 28.83 and a beta of 1.31. AMTEK, Inc. has a 12-month low of $43.98 and a 12-month high of $65.84. The company’s 50-day moving average price is $63.32 and its 200-day moving average price is $59.53.

AMTEK (NYSE:AME) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ 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 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 company posted $0.59 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. Equities research analysts anticipate that AMTEK, Inc. will post $2.52 earnings per share for the current fiscal year.

The firm 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 dividend of $0.09 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.36 annualized dividend and a yield of 0.55%. AMTEK’s payout ratio is 15.79%.

About AMTEK

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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Institutional Ownership by Quarter for AMTEK (NYSE:AME)

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