FDO Partners LLC Invests $323,000 in AMTEK, Inc. (AME)

FDO Partners LLC purchased a new position in AMTEK, Inc. (NYSE:AME) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,894 shares of the technology company’s stock, valued at approximately $323,000.

Other hedge funds also recently bought and sold shares of the company. Crossmark Global Holdings Inc. bought a new stake in shares of AMTEK in the 3rd quarter valued at about $2,710,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in AMTEK by 1.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 633,825 shares of the technology company’s stock worth $38,391,000 after acquiring an additional 9,831 shares in the last quarter. Janus Henderson Group PLC increased its holdings in AMTEK by 22,076.4% in the 2nd quarter. Janus Henderson Group PLC now owns 6,403,670 shares of the technology company’s stock worth $387,870,000 after acquiring an additional 6,374,794 shares in the last quarter. Keybank National Association OH increased its holdings 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 acquiring an additional 181 shares in the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI boosted its stake in AMTEK by 1.4% during the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 109,475 shares of the technology company’s stock worth $7,230,000 after purchasing an additional 1,500 shares during the last quarter. 84.25% of the stock is currently owned by institutional investors.

In other AMTEK news, VP Thomas M. Montgomery sold 1,800 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 19,947 shares in the company, valued at $1,403,271.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Frank S. Hermance sold 150,840 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $66.38, for a total transaction of $10,012,759.20. Following the completion of the transaction, the insider now owns 2,191,341 shares of the company’s stock, valued at $145,461,215.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,005 shares of company stock worth $11,374,594. Corporate insiders own 2.10% of the company’s stock.

Several analysts recently issued reports on AME shares. Zacks Investment Research upgraded shares of AMTEK from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Thursday, August 24th. Stifel Nicolaus set a $70.00 price target on shares of AMTEK and gave the stock a “buy” rating in a research note on Friday, October 6th. Robert W. Baird restated a “buy” rating and set a $70.00 target price on shares of AMTEK in a research note on Friday, October 6th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $70.00 price target on shares of AMTEK in a report on Friday, October 13th. Finally, Jefferies Group increased their price objective on AMTEK from $66.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 13th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $71.80.

AMTEK, Inc. (NYSE AME) traded down $0.30 during trading on Tuesday, hitting $71.79. 988,900 shares of the stock were exchanged, compared to its average volume of 1,346,828. AMTEK, Inc. has a 1 year low of $48.16 and a 1 year high of $73.06. The company has a market cap of $16,590.00, a P/E ratio of 28.95, a P/E/G ratio of 2.45 and a beta of 1.36. The company has a quick ratio of 1.16, a current ratio of 1.59 and a debt-to-equity ratio of 0.51.

AMTEK (NYSE:AME) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.04. AMTEK had a net margin of 13.37% and a return on equity of 16.48%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm earned $0.56 EPS. AMTEK’s revenue for the quarter was up 14.8% on a year-over-year basis. research analysts expect that AMTEK, Inc. will post 2.58 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Tuesday, December 5th. AMTEK’s dividend payout ratio (DPR) is currently 15.13%.

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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.

Institutional Ownership by Quarter for AMTEK (NYSE:AME)

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