Dimensional Fund Advisors LP raised its position in shares of Amtek Inc. (NYSE:AME) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 959,644 shares of the company’s stock after buying an additional 21,003 shares during the period. Dimensional Fund Advisors LP owned approximately 0.41% of Amtek worth $44,361,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. BTIM Corp. increased its stake in shares of Amtek by 3.1% in the second quarter. BTIM Corp. now owns 62,850 shares of the company’s stock worth $2,905,000 after buying an additional 1,900 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Amtek by 30.1% in the second quarter. Teacher Retirement System of Texas now owns 16,859 shares of the company’s stock worth $779,000 after buying an additional 3,905 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Amtek by 20.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 58,625 shares of the company’s stock worth $2,710,000 after buying an additional 9,940 shares in the last quarter. Eaton Vance Management increased its stake in shares of Amtek by 24.8% in the second quarter. Eaton Vance Management now owns 108,478 shares of the company’s stock worth $5,015,000 after buying an additional 21,543 shares in the last quarter. Finally, Midwest Investment Management LLC increased its stake in shares of Amtek by 43.8% in the second quarter. Midwest Investment Management LLC now owns 69,983 shares of the company’s stock worth $3,235,000 after buying an additional 21,317 shares in the last quarter. 87.74% of the stock is owned by institutional investors and hedge funds.
Shares of Amtek Inc. (NYSE:AME) opened at 45.70 on Friday. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 19.11 and a beta of 1.21. The company’s 50-day moving average is $47.90 and its 200 day moving average is $47.88. Amtek Inc. has a 1-year low of $42.82 and a 1-year high of $57.00.
Amtek (NYSE:AME) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.59 EPS for the quarter, hitting analysts’ consensus estimates of $0.59. The company earned $977.70 million during the quarter, compared to the consensus estimate of $986.35 million. Amtek had a net margin of 14.47% and a return on equity of 17.53%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. On average, analysts expect that Amtek Inc. will post $2.30 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Wednesday, September 14th. Amtek’s payout ratio is 15.13%.
A number of brokerages recently weighed in on AME. Jefferies Group lowered their price objective on shares of Amtek from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, August 9th. RBC Capital Markets restated an “outperform” rating and issued a $53.00 target price (down previously from $56.00) on shares of Amtek in a research report on Friday, August 5th. Stifel Nicolaus decreased their target price on shares of Amtek from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, August 5th. Oppenheimer Holdings Inc. decreased their target price on shares of Amtek from $56.00 to $54.00 and set an “outperform” rating for the company in a research report on Friday, August 5th. Finally, BMO Capital Markets set a $53.00 target price on shares of Amtek and gave the stock a “buy” rating in a research report on Friday, August 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $53.09.
In other news, insider John Wesley Hardin sold 24,500 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $49.59, for a total transaction of $1,214,955.00. Following the completion of the transaction, the insider now directly owns 81,096 shares of the company’s stock, valued at approximately $4,021,550.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.
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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