South Dakota Investment Council Invests $260,000 in AMTEK, Inc. (AME)

South Dakota Investment Council acquired a new stake in AMTEK, Inc. (NYSE:AME) during the first quarter, Holdings Channel reports. The fund acquired 4,800 shares of the technology company’s stock, valued at approximately $260,000.

Several other institutional investors have also made changes to their positions in AME. Benjamin F. Edwards & Company Inc. boosted its position in shares of AMTEK by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,229 shares of the technology company’s stock valued at $175,000 after buying an additional 19 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of AMTEK by 0.3% in the first quarter. OppenheimerFunds Inc. now owns 8,735 shares of the technology company’s stock valued at $472,000 after buying an additional 30 shares in the last quarter. First Manhattan Co. boosted its position in shares of AMTEK by 0.5% in the first quarter. First Manhattan Co. now owns 6,946 shares of the technology company’s stock valued at $331,000 after buying an additional 36 shares in the last quarter. Cadence Capital Management LLC boosted its position in shares of AMTEK by 0.6% in the first quarter. Cadence Capital Management LLC now owns 6,898 shares of the technology company’s stock valued at $373,000 after buying an additional 41 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC boosted its position in shares of AMTEK by 1.7% in the first quarter. Morgan Dempsey Capital Management LLC now owns 3,464 shares of the technology company’s stock valued at $187,000 after buying an additional 59 shares in the last quarter. 89.87% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for AMTEK (NYSE:AME)

AMTEK, Inc. (NYSE AME) traded up 0.30% on Monday, hitting $62.52. 225,052 shares of the stock traded hands. AMTEK, Inc. has a 12-month low of $43.28 and a 12-month high of $62.86. The stock has a market capitalization of $14.39 billion, a P/E ratio of 28.17 and a beta of 1.29. The company’s 50 day moving average price is $60.58 and its 200-day moving average price is $54.41.

AMTEK (NYSE:AME) last released its quarterly earnings results on Tuesday, May 2nd. The technology company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.03. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $961.36 million. AMTEK had a return on equity of 16.20% and a net margin of 13.24%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 earnings per share. Analysts predict that AMTEK, Inc. will post $2.47 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, June 14th. AMTEK’s dividend payout ratio (DPR) is currently 16.22%.

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Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $67.00 price objective on shares of AMTEK in a research note on Tuesday, June 6th. Zacks Investment Research raised shares of AMTEK from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Monday, May 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $66.00 price objective (up previously from $63.00) on shares of AMTEK in a research note on Wednesday, May 3rd. Morgan Stanley lifted their price objective on shares of AMTEK from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Monday, May 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $69.00 price objective (up previously from $66.00) on shares of AMTEK in a research note on Thursday, June 8th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $62.90.

In other news, Director James R. Malone sold 1,190 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $59.65, for a total transaction of $70,983.50. Following the sale, the director now directly owns 4,300 shares in the company, valued at $256,495. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP William D. Eginton sold 14,598 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $60.00, for a total value of $875,880.00. Following the sale, the vice president now owns 54,290 shares in the company, valued at $3,257,400. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,956 shares of company stock worth $5,675,440. Company insiders own 2.10% of the company’s stock.

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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