Massmutual Trust Co. FSB ADV purchased a new position in shares of AMTEK, Inc. (NYSE:AME) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 12,856 shares of the company’s stock, valued at approximately $625,000.
Several other hedge funds also recently made changes to their positions in the stock. State Street Corp increased its stake in shares of AMTEK by 5.3% in the fourth quarter. State Street Corp now owns 9,571,155 shares of the company’s stock worth $465,162,000 after buying an additional 479,261 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of AMTEK by 1.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,038,206 shares of the company’s stock worth $288,505,000 after buying an additional 114,944 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of AMTEK by 8.3% in the third quarter. JPMorgan Chase & Co. now owns 4,856,543 shares of the company’s stock worth $232,046,000 after buying an additional 372,809 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of AMTEK by 4.0% in the third quarter. BlackRock Fund Advisors now owns 3,805,242 shares of the company’s stock worth $181,814,000 after buying an additional 144,631 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of AMTEK by 0.8% in the third quarter. Northern Trust Corp now owns 2,710,333 shares of the company’s stock worth $129,499,000 after buying an additional 21,496 shares during the last quarter. 89.39% of the stock is currently owned by hedge funds and other institutional investors.
AMTEK, Inc. (NYSE:AME) traded down 0.17% during midday trading on Tuesday, reaching $53.58. 2,152,933 shares of the company’s stock were exchanged. The firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 24.47 and a beta of 1.11. The firm’s 50 day moving average is $50.91 and its 200 day moving average is $48.41. AMTEK, Inc. has a 52 week low of $43.28 and a 52 week high of $53.89.
AMTEK (NYSE:AME) last released its quarterly earnings results on Tuesday, February 7th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.00. The business earned $973 million during the quarter, compared to analysts’ expectations of $969.84 million. AMTEK had a return on equity of 16.19% and a net margin of 13.34%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 EPS. On average, equities analysts anticipate that AMTEK, Inc. will post $2.44 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th 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 0.67%. The ex-dividend date of this dividend is Wednesday, March 15th. AMTEK’s dividend payout ratio is presently 16.44%.
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AME has been the topic of a number of recent analyst reports. RBC Capital Markets set a $57.00 price target on shares of AMTEK and gave the company a “buy” rating in a report on Wednesday, January 4th. Janney Montgomery Scott initiated coverage on shares of AMTEK in a report on Monday, October 24th. They set a “buy” rating and a $56.00 price target on the stock. Cowen and Company raised shares of AMTEK from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 4th. Royal Bank Of Canada raised their price target on shares of AMTEK from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Finally, Zacks Investment Research raised shares of AMTEK from a “sell” rating to a “hold” rating in a report on Wednesday, November 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. AMTEK currently has a consensus rating of “Buy” and a consensus price target of $54.36.
In other news, Director Elizebeth R. Varet sold 4,000 shares of the stock in a transaction on Friday, December 16th. The stock was sold at an average price of $49.22, for a total transaction of $196,880.00. Following the completion of the transaction, the director now directly owns 123,840 shares in the company, valued at approximately $6,095,404.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas C. Marecic sold 5,433 shares of the stock in a transaction on Friday, February 10th. The stock was sold at an average price of $53.48, for a total value of $290,556.84. Following the transaction, the insider now owns 7,578 shares of the company’s stock, valued at $405,271.44. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
AMTEK Company Profile
AMETEK, Inc (AMETEK) is a manufacturer of electronic instruments and electromechanical devices. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures advanced instruments for the process, aerospace, power and industrial markets.
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