Skandinaviska Enskilda Banken AB publ Buys 4,900 Shares of AMTEK, Inc. (AME)
Skandinaviska Enskilda Banken AB publ lifted its stake in AMTEK, Inc. (NYSE:AME) by 16.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,750 shares of the technology company’s stock after purchasing an additional 4,900 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in AMTEK were worth $2,295,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. US Bancorp DE increased its stake in AMTEK by 13.6% during the second quarter. US Bancorp DE now owns 11,323 shares of the technology company’s stock worth $686,000 after acquiring an additional 1,358 shares during the last quarter. Strs Ohio increased its stake in AMTEK by 39.9% during the second quarter. Strs Ohio now owns 17,643 shares of the technology company’s stock worth $1,068,000 after acquiring an additional 5,030 shares during the last quarter. NGAM Advisors L.P. increased its stake in AMTEK by 8.0% during the second quarter. NGAM Advisors L.P. now owns 24,128 shares of the technology company’s stock worth $1,462,000 after acquiring an additional 1,785 shares during the last quarter. Korea Investment CORP increased its stake in AMTEK by 4,737.3% during the second quarter. Korea Investment CORP now owns 43,149 shares of the technology company’s stock worth $2,614,000 after acquiring an additional 42,257 shares during the last quarter. Finally, Retirement Systems of Alabama increased its stake in AMTEK by 0.6% during the second quarter. Retirement Systems of Alabama now owns 111,569 shares of the technology company’s stock worth $6,758,000 after acquiring an additional 647 shares during the last quarter. 84.25% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Frank S. Hermance sold 150,840 shares of AMTEK stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $66.38, for a total value of $10,012,759.20. Following the completion of the sale, the insider now directly owns 2,191,341 shares of the company’s stock, valued at $145,461,215.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas M. Montgomery sold 1,800 shares of AMTEK stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $70.35, for a total value of $126,630.00. Following the completion of the sale, the vice president now directly owns 19,947 shares of the company’s stock, valued at $1,403,271.45. The disclosure for this sale can be found here. Insiders sold 171,005 shares of company stock valued at $11,374,594 over the last ninety days. Insiders own 2.10% of the company’s stock.
Shares of AMTEK, Inc. (NYSE AME) opened at $71.05 on Wednesday. AMTEK, Inc. has a one year low of $48.21 and a one year high of $73.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 1.59. The stock has a market capitalization of $16,591.90, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 2.44 and a beta of 1.36.
AMTEK (NYSE:AME) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.04. AMTEK had a return on equity of 16.48% and a net margin of 13.37%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm posted $0.56 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. equities analysts expect that AMTEK, Inc. will post 2.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.51%. AMTEK’s payout ratio is presently 15.13%.
AME has been the subject of several recent analyst reports. BidaskClub cut AMTEK from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research cut AMTEK from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $71.80.
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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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