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.

Dividend History for Amtek (NYSE:AME)

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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.

5 Day Chart for NYSE:AME

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