Amtek Inc. (AME) to Issue Quarterly Dividend of $0.09 on December 21st
Amtek Inc. (NYSE:AME) announced a quarterly dividend on Thursday, November 3rd. Shareholders of record on Wednesday, December 7th will be paid a dividend of 0.09 per share on Wednesday, December 21st. This represents a $0.36 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Monday, December 5th.
Shares of Amtek (NYSE:AME) opened at 45.98 on Wednesday. The company has a market cap of $10.64 billion, a P/E ratio of 19.99 and a beta of 1.11. The firm has a 50-day moving average of $46.01 and a 200 day moving average of $47.11. Amtek has a 52 week low of $42.82 and a 52 week high of $56.57.
Amtek (NYSE:AME) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $945 million for the quarter, compared to analyst estimates of $956.33 million. Amtek had a net margin of 14.01% and a return on equity of 16.68%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 EPS. Equities analysts anticipate that Amtek will post $2.30 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Amtek Inc. (AME) to Issue Quarterly Dividend of $0.09 on December 21st” was posted by Daily Political and is the sole property of of Daily Political. If you are reading this story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this story can be viewed at http://www.dailypolitical.com/2016/11/29/amtek-inc-ame-to-issue-quarterly-dividend-of-0-09-on-december-21st.html.
Several hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its stake in Amtek by 7.9% in the second quarter. Pacer Advisors Inc. now owns 4,107 shares of the company’s stock valued at $190,000 after buying an additional 302 shares in the last quarter. Bank of Nova Scotia raised its stake in Amtek by 5.2% in the second quarter. Bank of Nova Scotia now owns 4,693 shares of the company’s stock valued at $217,000 after buying an additional 230 shares in the last quarter. D.A. Davidson & CO. raised its stake in Amtek by 1.0% in the third quarter. D.A. Davidson & CO. now owns 5,780 shares of the company’s stock valued at $274,000 after buying an additional 59 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Amtek during the second quarter valued at $277,000. Finally, Profund Advisors LLC raised its stake in Amtek by 33.2% in the second quarter. Profund Advisors LLC now owns 6,856 shares of the company’s stock valued at $317,000 after buying an additional 1,707 shares in the last quarter. Institutional investors own 87.23% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Amtek from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, August 5th. RBC Capital Markets reaffirmed an “outperform” rating and set a $53.00 price target (down from $56.00) on shares of Amtek in a report on Friday, August 5th. Royal Bank Of Canada cut their target price on shares of Amtek from $56.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, August 5th. Oppenheimer Holdings Inc. cut their target price on shares of Amtek from $56.00 to $54.00 and set an “outperform” rating on the stock in a research report on Friday, August 5th. Finally, Jefferies Group cut their target price on shares of Amtek from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $53.27.
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.
Receive News & Ratings for Amtek Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amtek Inc. and related companies with MarketBeat.com's FREE daily email newsletter.