AMTEK (AME) Given Buy Rating at BMO Capital Markets
BMO Capital Markets reaffirmed their buy rating on shares of AMTEK (NYSE:AME) in a research note released on Monday. BMO Capital Markets currently has a $80.00 price objective on the technology company’s stock.
A number of other analysts have also commented on the company. Zacks Investment Research upgraded AMTEK from a hold rating to a buy rating and set a $71.00 price target on the stock in a report on Tuesday, September 5th. Royal Bank of Canada reiterated a buy rating and set a $70.00 price target on shares of AMTEK in a report on Friday, October 13th. Jefferies Group lifted their price target on AMTEK from $66.00 to $77.00 and gave the stock a buy rating in a report on Friday, October 13th. Finally, Oppenheimer raised their target price on AMTEK to $75.00 and gave the stock an outperform rating in a research report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $72.00.
Shares of AMTEK (AME) traded up $0.17 during trading on Monday, reaching $71.91. The company had a trading volume of 953,500 shares, compared to its average volume of 1,338,574. The company has a market capitalization of $16,580.35, a price-to-earnings ratio of 28.81, a P/E/G ratio of 2.34 and a beta of 1.36. AMTEK has a 1-year low of $48.21 and a 1-year high of $73.06. The company has a quick ratio of 1.16, a current ratio of 1.59 and a debt-to-equity ratio of 0.51.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Tuesday, December 5th. AMTEK’s dividend payout ratio is currently 15.13%.
In other news, Director Elizebeth R. Varet sold 3,050 shares of AMTEK stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $71.83, for a total value of $219,081.50. Following the completion of the transaction, the director now directly owns 117,930 shares in the company, valued at $8,470,911.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David A. Zapico sold 25,965 shares of AMTEK stock in a transaction on Monday, December 11th. The shares were sold at an average price of $71.77, for a total value of $1,863,508.05. Following the completion of the transaction, the insider now owns 200,548 shares of the company’s stock, valued at $14,393,329.96. The disclosure for this sale can be found here. Insiders sold 196,970 shares of company stock valued at $13,238,102 over the last three months. Company insiders own 2.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. QS Investors LLC grew its position in shares of AMTEK by 0.9% in the second quarter. QS Investors LLC now owns 2,846 shares of the technology company’s stock valued at $172,000 after purchasing an additional 25 shares in the last quarter. Cadence Capital Management LLC grew its position in shares of AMTEK by 0.9% in the second quarter. Cadence Capital Management LLC now owns 6,960 shares of the technology company’s stock valued at $422,000 after purchasing an additional 62 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of AMTEK by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,096 shares of the technology company’s stock valued at $1,036,000 after purchasing an additional 74 shares in the last quarter. Shufro Rose & Co. LLC grew its position in shares of AMTEK by 1.4% in the second quarter. Shufro Rose & Co. LLC now owns 5,224 shares of the technology company’s stock valued at $316,000 after purchasing an additional 74 shares in the last quarter. Finally, M&T Bank Corp grew its position in shares of AMTEK by 0.3% in the second quarter. M&T Bank Corp now owns 33,724 shares of the technology company’s stock valued at $2,043,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 84.40% of the company’s stock.
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.
Receive News & Stock Ratings for AMTEK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMTEK and related stocks with our FREE daily email newsletter.