AMTEK, Inc. (NYSE:AME) had its price target boosted by investment analysts at BMO Capital Markets from $77.00 to $78.00 in a research report issued to clients and investors on Friday. The brokerage presently has an “outperform” rating on the technology company’s stock. BMO Capital Markets’ price objective points to a potential upside of 15.28% from the stock’s previous close.

Several other brokerages also recently issued reports on AME. Zacks Investment Research raised shares of AMTEK from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Tuesday, September 5th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $70.00 price target on shares of AMTEK in a research report on Friday, October 13th. Cowen and Company reaffirmed an “outperform” rating and set a $66.00 price target (up previously from $62.00) on shares of AMTEK in a research report on Friday, July 7th. Morgan Stanley upped their price target on shares of AMTEK from $64.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, BidaskClub lowered shares of AMTEK from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $71.60.

AMTEK (AME) opened at $67.66 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.25 and a debt-to-equity ratio of 0.51. The company has a market cap of $15,637.38, a PE ratio of 27.17, a P/E/G ratio of 2.30 and a beta of 1.33.

AMTEK (NYSE:AME) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.04. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. AMTEK had a net margin of 13.37% and a return on equity of 16.48%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 earnings per share. analysts anticipate that AMTEK will post 2.58 earnings per share for the current fiscal year.

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In other news, Director Elizebeth R. Varet sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $63.24, for a total value of $189,720.00. Following the completion of the transaction, the director now directly owns 117,880 shares in the company, valued at $7,454,731.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas M. Montgomery sold 1,500 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $64.49, for a total transaction of $96,735.00. Following the completion of the transaction, the vice president now owns 21,747 shares of the company’s stock, valued at $1,402,464.03. The disclosure for this sale can be found here. Insiders sold 170,655 shares of company stock valued at $11,315,338 over the last 90 days. Insiders own 2.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of AME. Janus Henderson Group PLC boosted its stake in AMTEK by 22,076.4% during the 2nd quarter. Janus Henderson Group PLC now owns 6,403,670 shares of the technology company’s stock valued at $387,870,000 after acquiring an additional 6,374,794 shares during the last quarter. Boston Partners boosted its stake in AMTEK by 21.7% during the 3rd quarter. Boston Partners now owns 5,233,468 shares of the technology company’s stock valued at $345,618,000 after acquiring an additional 932,008 shares during the last quarter. Vanguard Group Inc. boosted its stake in AMTEK by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 22,577,145 shares of the technology company’s stock valued at $1,367,497,000 after acquiring an additional 687,292 shares during the last quarter. SG Americas Securities LLC boosted its stake in AMTEK by 2,013.0% during the 2nd quarter. SG Americas Securities LLC now owns 631,958 shares of the technology company’s stock valued at $38,278,000 after acquiring an additional 602,050 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in shares of AMTEK in the 2nd quarter worth about $17,144,000. Hedge funds and other institutional investors own 85.67% of the company’s stock.

About AMTEK

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.

Analyst Recommendations for AMTEK (NYSE:AME)

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