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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Allied Motion Technologies Inc.
Type
Public company
Traded as NASDAQ: AMOT
Industry Electromechanical
Predecessor Hathaway Corporation
Founded 1939; 78 years ago (1939)
Headquarters Amherst, New York, United States
Number of locations
14
Areas served
Worldwide
Key people
Richard S. Warzala (Chairman of the Board, President, Chief Executive Officer)
Products Electro-magnetic, mechanical and electronic motion technology
Number of employees
1046
Website www.alliedmotion.com

Allied Motion Technologies Inc. (NASDAQ: AMOT) is a U.S. public corporation headquartered in New York, United States that produces precision and specialty motion control components and systems for commercial, industrial, aerospace and defense markets.

The company now operates facilities in the United States, Canada, Mexico, Europe and Asia and sells its products globally. The company provides motion control products and systems as solutions for a range of applications in several target markets including aerospace and defense, medical, vehicle, commercial, and industrial. The company designs and manufactures electric motors, electronic motion control components, gear motors, transaxles and traction wheels, control electronics and drives, and optical encoders. It sells its products primarily to original equipment manufacturers (OEMs) utilizing its own direct sales force, independent sales representatives and distributors.

Allied Motion was founded in January 1939 in Denver, Colorado by Claude Hathaway under the name of Hathaway Instruments Company. The company developed and successfully sold electrical instruments to a number of industries through the 1940s and early 1950s.

In 1955, the Hamilton Watch Company purchased the company from Mr. Hathaway. It was operated as a division of Hamilton until January 1960, when the division was purchased by an investor group composed in part of executives working in the division. The new company was named Hathaway Instruments, Inc. The company became a U.S. public company in 1962 under the laws of Colorado, originally named 5800 Corporation. Within days of incorporation the name of the company was changed to Hathaway Instruments Inc.

In 1982 the name of the corporation was again changed to Hathaway Corporation. By 1995, the company had developed, and was manufacturing and selling instrumentation used to monitor and control the operations of power generating, transmission and distribution facilities of electric utility and process control companies. The company had also established a nascent motion control business. At this time, Hathaway Corporation consisted of two wholly owned subsidiaries, Hathaway Systems Corporation (HSC) and subsidiaries and Computer Optical Products, Inc. The Company’s name was also changed to Hathaway Corporation. The motion control business was organized into two divisions and one subsidiary: Hathaway Motion Control, Hathaway Motors and Instruments and Computer Optical Products, Inc., respectively. Between 1962 and 2001 Hathaway executed several acquisitions and mergers of subsidiaries into the parent corporation. In addition, joint ventures in China were established and other acquisitions occurred.

At the end of 2001, Hathaway Corporation consisted basically of the Power and Process business, selling into the electric utility market, and a motion control business operated as a wholly owned subsidiary, Hathaway Motion Control Corporation. In 2002, the company took the decision to focus solely on motion control products and markets. As a result, on July 29, 2002 the company sold its electric utility products division along with the Hathaway brand name to the Danaher Corporation. The day following the divestiture of the Power and Process business, the company completed the acquisition of Motor Products - Owosso Corporation and Motor Products - Ohio Corporation, both manufacturers of permanent magnet DC motors, from the Owosso Corporation. These were the first acquisitions by the company in accordance with its plan to grow their motion control business platform.

On November 19, 2002, the company formally changed its name from Hathaway Corporation to Allied Motion Technologies, Inc. The name was chosen to better reflect the future business direction of the company.

Key products of this company are brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, brushless motors with integrated drives, gearmotors, digital servo drives, motion controllers, incremental and absolute optical encoders, and powered wheels and transaxles.

At different times after the establishment of Allied Motion Technologies Inc., the company, through acquisition, became the owner of the following brands: Agile Systems, Globe Motors, Heidrive, Motor Products, Östergrens Elmotor, Premotec, and Stature Electric.

Allied Motion Technologies says that it supports ending the violence and human rights violations in the mining of certain minerals from a location described as the "Conflict Region" that is situated in the eastern portion of the Democratic Republic of the Congo (DRC) and surrounding countries. The U.S. Securities and Exchange Commission ("SEC") has adopted a final rule to implement reporting and disclosure requirements related to "conflict minerals" (gold, tin, tantalum, and tungsten, the derivatives of cassiterite, columbite-tantalite, and wolframite) as directed by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The rule requires manufacturers who file certain reports with the SEC to disclose whether the products they manufacture or contract to manufacture contain "conflict minerals" that are "necessary to the functionality or production" of those products.

Investment goal date:
Dividends reinvested
Allied Motion Technologies Inc. AMOT report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-04
--
--
Q4 2017
2018-03-12
--
--
Q3 2017
2017-11-03
--
--
Q3 2017
2017-11-01
0.3300
0.0000
Q2 2017
2017-08-02
0.2400
0.2400
Q1 2017
2017-05-03
0.2900
0.2900
Q4 2016
2017-03-13
0.0800
0.0800
Q3 2016
2016-11-02
0.2700
0.2900
Q2 2016
2016-08-04
0.3100
0.3400
Q1 2016
2016-05-04
0.2300
0.2500
Q4 2015
2016-03-09
0.0000
0.0800
Q3 2015
2015-11-04
0.0000
0.4600
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
ACK Asset Management LLC
244809
Ancora Advisors, LLC
148208
Bank of New York Mellon Corp
127337
BlackRock Fund Advisors
198987
BlackRock Inc.
424487
BlackRock Institutional Trust Company, N.A.
193809
CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC.
82606
DIMENSIONAL FUND ADVISORS LP
391624
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
99153
RENAISSANCE TECHNOLOGIES LLC
84400
RUSSELL FRANK CO/
178821
STATE STREET CORP
91772
THOMSON HORSTMANN & BRYANT INC
499597
Vanguard Group, Inc
290732
Walthausen & Co., LLC
214811
Major Shareholders
Name Relationship
Total Shares
Holding stocks
TANOUS JAMES J
0.1500% (13404)
AMOT /
WARZALA RICHARD S
11.2400% (1036680)
AMOT /
MICHAS ALEXIS P
0.0800% (6957)
AMOT / BWA / LINC / PKI /
TEVENS TIMOTHY T
0.0200% (1729)
AMOT / CMCO / ZEP /
MONTAGUE WILLIAM P
0.1000% (9474)
AMOT / ENDP / ROCK /
BAGAN JOE W
0.1000% (8893)
AMOT / CCO /
HOCK DELWIN D
0.6800% (62493)
AMOT /
LABER GERALD J
0.2600% (24173)
AMOT / BDBD / QBAK /
PILMANIS GEORGE J
0.5100% (47009)
AMOT /
Robert Michel M
0.3500% (31925)
AMOT /
Wyman Kenneth R
0.3500% (31856)
AMOT /
Heath S. R. Jr.
0.4000% (36819)
AMOT /
Federico Richard D
0.4100% (37671)
AMOT /
Maida Robert P
0.5300% (49176)
AMOT /
Winter Michael R
0.1300% (11977)
AMOT / EGAS /
% ()