Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of AMTEK, Inc. (NYSE:AME) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,044 shares of the technology company’s stock after purchasing an additional 4,152 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 0.05% of AMTEK worth $8,390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AME. State of Alaska Department of Revenue grew its stake in shares of AMTEK by 56.9% during the second quarter. State of Alaska Department of Revenue now owns 7,222 shares of the technology company’s stock valued at $437,000 after purchasing an additional 2,620 shares during the last quarter. LS Investment Advisors LLC grew its stake in shares of AMTEK by 1.3% during the second quarter. LS Investment Advisors LLC now owns 13,733 shares of the technology company’s stock valued at $832,000 after purchasing an additional 176 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of AMTEK by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 14,300 shares of the technology company’s stock valued at $866,000 after purchasing an additional 200 shares during the last quarter. Aperio Group LLC grew its stake in shares of AMTEK by 7.1% during the second quarter. Aperio Group LLC now owns 99,743 shares of the technology company’s stock valued at $6,041,000 after purchasing an additional 6,573 shares during the last quarter. Finally, BTIM Corp. grew its stake in shares of AMTEK by 2.8% during the second quarter. BTIM Corp. now owns 65,225 shares of the technology company’s stock valued at $3,950,000 after purchasing an additional 1,775 shares during the last quarter. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of AMTEK, Inc. (NYSE:AME) traded up $0.14 during midday trading on Friday, reaching $70.26. 2,930,721 shares of the company traded hands, compared to its average volume of 1,352,622. AMTEK, Inc. has a fifty-two week low of $45.78 and a fifty-two week high of $70.43. The firm has a market capitalization of $16,210.00, a price-to-earnings ratio of 27.91, a P/E/G ratio of 2.36 and a beta of 1.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.59 and a quick ratio of 1.16.

AMTEK (NYSE:AME) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.04. AMTEK had a net margin of 13.37% and a return on equity of 16.48%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business posted $0.56 earnings per share. AMTEK’s revenue was up 14.8% compared to the same quarter last year. equities research analysts anticipate that AMTEK, Inc. will post 2.58 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.36 annualized dividend and a yield of 0.51%. AMTEK’s dividend payout ratio is currently 15.13%.

In other AMTEK news, insider Frank S. Hermance sold 150,840 shares of the stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $66.38, for a total value of $10,012,759.20. Following the sale, the insider now directly owns 2,191,341 shares in the company, valued at $145,461,215.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Elizebeth R. Varet sold 3,000 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $66.30, for a total transaction of $198,900.00. The disclosure for this sale can be found here. Insiders sold 167,955 shares of company stock worth $11,155,513 over the last 90 days. 2.10% of the stock is currently owned by company insiders.

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Several analysts have recently commented on AME shares. Zacks Investment Research raised shares of AMTEK from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Tuesday, September 5th. Royal Bank Of Canada reissued a “buy” rating and set a $70.00 price target on shares of AMTEK in a research note on Friday, October 13th. Morgan Stanley increased their price target on shares of AMTEK from $64.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 3rd. BMO Capital Markets increased their price target 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, BidaskClub cut 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 nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $71.80.

AMTEK 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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