Bp Plc purchased a new position in AMTEK, Inc. (NYSE:AME) during the second quarter, according to its most recent disclosure with the SEC. The fund purchased 27,000 shares of the technology company’s stock, valued at approximately $1,635,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AME. First Personal Financial Services increased its position in AMTEK by 23.9% in the first quarter. First Personal Financial Services now owns 2,075 shares of the technology company’s stock worth $112,000 after buying an additional 400 shares in the last quarter. Van ECK Associates Corp increased its position in AMTEK by 7.0% in the first quarter. Van ECK Associates Corp now owns 3,008 shares of the technology company’s stock worth $163,000 after buying an additional 196 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in AMTEK by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,229 shares of the technology company’s stock worth $175,000 after buying an additional 19 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its position in AMTEK by 1.7% in the first quarter. Morgan Dempsey Capital Management LLC now owns 3,464 shares of the technology company’s stock worth $187,000 after buying an additional 59 shares in the last quarter. Finally, Global X Management Co. LLC increased its position in AMTEK by 28.9% in the first quarter. Global X Management Co. LLC now owns 3,695 shares of the technology company’s stock worth $200,000 after buying an additional 828 shares in the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Shares of AMTEK, Inc. (AME) opened at 62.58 on Friday. The firm’s 50-day moving average price is $61.84 and its 200-day moving average price is $57.74. AMTEK, Inc. has a 52-week low of $43.98 and a 52-week high of $64.97. The firm has a market capitalization of $14.44 billion, a PE ratio of 27.46 and a beta of 1.34.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Thursday, September 14th. AMTEK’s dividend payout ratio (DPR) is 15.79%.

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AME has been the topic of a number of research reports. Zacks Investment Research upgraded AMTEK from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Monday, May 22nd. BMO Capital Markets reaffirmed a “buy” rating and set a $67.00 price objective on shares of AMTEK in a research report on Tuesday, June 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $69.00 price objective (up from $66.00) on shares of AMTEK in a research report on Thursday, June 8th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $67.00 price objective on shares of AMTEK in a research report on Tuesday, June 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $66.00 price objective (up from $63.00) on shares of AMTEK in a research report on Wednesday, May 3rd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $65.09.

In related news, VP Thomas M. Montgomery sold 1,500 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $64.49, for a total value of $96,735.00. Following the completion of the transaction, the vice president now directly 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 accessible through this link. Also, Director Elizebeth R. Varet sold 3,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $61.96, for a total value of $185,880.00. Following the completion of the transaction, the director now directly owns 123,880 shares of the company’s stock, valued at $7,675,604.80. The disclosure for this sale can be found here. Insiders sold a total of 55,370 shares of company stock valued at $3,432,699 over the last three months. Corporate insiders own 2.10% of the company’s stock.

AMTEK Company 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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