TIAA CREF Investment Management LLC lessened its stake in AMTEK, Inc. (NYSE:AME) by 28.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 838,045 shares of the technology company’s stock after selling 331,211 shares during the period. TIAA CREF Investment Management LLC owned 0.36% of AMTEK worth $50,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. TLP Group LLC grew its stake in AMTEK by 83.8% in the first quarter. TLP Group LLC now owns 7,092 shares of the technology company’s stock valued at $384,000 after purchasing an additional 3,234 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in AMTEK by 1.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 633,825 shares of the technology company’s stock valued at $38,391,000 after purchasing an additional 9,831 shares during the last quarter. State Treasurer State of Michigan grew its stake in AMTEK by 0.3% in the second quarter. State Treasurer State of Michigan now owns 75,584 shares of the technology company’s stock valued at $4,578,000 after purchasing an additional 200 shares during the last quarter. BlackRock Inc. grew its stake in AMTEK by 3,109.3% in the first quarter. BlackRock Inc. now owns 13,823,451 shares of the technology company’s stock valued at $747,572,000 after purchasing an additional 13,392,716 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its stake in AMTEK by 504.5% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 37,307 shares of the technology company’s stock valued at $2,260,000 after purchasing an additional 31,135 shares during the last quarter. Institutional investors own 85.62% of the company’s stock.

In other news, VP Thomas M. Montgomery sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $64.49, for a total transaction of $96,735.00. Following the sale, the vice president now owns 21,747 shares of the company’s stock, valued at approximately $1,402,464.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizebeth R. Varet sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $63.24, for a total value of $189,720.00. Following the sale, the director now directly owns 117,880 shares in the company, valued at approximately $7,454,731.20. The disclosure for this sale can be found here. Insiders sold a total of 7,100 shares of company stock worth $454,181 in the last ninety days. 2.10% of the stock is owned by corporate insiders.

Several equities analysts have issued reports on AME shares. Zacks Investment Research upgraded AMTEK from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Monday, August 7th. Cowen and Company reiterated an “outperform” rating and issued a $66.00 target price (up previously from $62.00) on shares of AMTEK in a research note on Friday, July 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $69.00 target price (up previously from $66.00) on shares of AMTEK in a research note on Thursday, June 8th. BMO Capital Markets lifted their target price on AMTEK from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Finally, BidaskClub lowered AMTEK from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. AMTEK presently has an average rating of “Buy” and a consensus target price of $65.18.

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Shares of AMTEK, Inc. (AME) opened at 66.37 on Wednesday. The stock has a market cap of $15.32 billion, a price-to-earnings ratio of 29.12 and a beta of 1.31. AMTEK, Inc. has a 52 week low of $43.98 and a 52 week high of $66.49. The stock’s 50 day moving average price is $63.58 and its 200-day moving average price is $59.77.

AMTEK (NYSE:AME) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. AMTEK had a return on equity of 16.28% and a net margin of 13.26%. AMTEK’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 EPS. Equities analysts anticipate that AMTEK, Inc. will post $2.52 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Thursday, September 14th. AMTEK’s dividend payout ratio is currently 15.79%.

AMTEK Profile

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.

Institutional Ownership by Quarter for AMTEK (NYSE:AME)

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