AMTEK, Inc. (AME) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its stake in AMTEK, Inc. (NYSE:AME) by 10.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,170 shares of the technology company’s stock after selling 1,850 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in AMTEK were worth $919,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Swiss National Bank lifted its position in AMTEK by 2.3% in the 2nd quarter. Swiss National Bank now owns 838,493 shares of the technology company’s stock worth $50,788,000 after buying an additional 18,600 shares in the last quarter. Principal Financial Group Inc. lifted its position in AMTEK by 1.0% in the 2nd quarter. Principal Financial Group Inc. now owns 362,029 shares of the technology company’s stock worth $21,929,000 after buying an additional 3,431 shares in the last quarter. Keybank National Association OH lifted its position in AMTEK by 4.0% in the 2nd quarter. Keybank National Association OH now owns 4,742 shares of the technology company’s stock worth $287,000 after buying an additional 181 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in AMTEK in the 2nd quarter worth approximately $384,000. Finally, Neuberger Berman Group LLC lifted its position in AMTEK by 2,903.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 217,538 shares of the technology company’s stock worth $13,176,000 after buying an additional 210,295 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

AMTEK, Inc. (NYSE:AME) opened at 64.05 on Monday. AMTEK, Inc. has a 52 week low of $43.98 and a 52 week high of $64.97. The stock’s 50 day moving average is $62.81 and its 200 day moving average is $59.17. The firm has a market cap of $14.78 billion, a price-to-earnings ratio of 28.10 and a beta of 1.31.

AMTEK (NYSE:AME) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Equities research analysts expect that AMTEK, Inc. will post $2.53 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders 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 dividend yield of 0.56%. The ex-dividend date is Thursday, September 14th. AMTEK’s dividend payout ratio is presently 15.79%.

In other news, VP Thomas M. Montgomery sold 1,500 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $64.49, for a total value of $96,735.00. Following the sale, the vice president now owns 21,747 shares of the company’s stock, valued at $1,402,464.03. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Elizebeth R. Varet sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $63.24, for a total transaction of $189,720.00. Following the completion of 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. In the last three months, insiders sold 7,100 shares of company stock worth $454,181. 2.10% of the stock is currently owned by insiders.

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A number of research firms have issued reports on AME. Zacks Investment Research downgraded shares of AMTEK from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. BidaskClub downgraded shares of AMTEK from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. BMO Capital Markets increased their target price on shares of AMTEK from $67.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. increased their target price on shares of AMTEK from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $66.00 target price on shares of AMTEK in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $65.00.

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.

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Institutional Ownership by Quarter for AMTEK (NYSE:AME)

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