Dogwood Wealth Management LLC Takes Position in AMETEK, Inc. (NYSE:AME)

Dogwood Wealth Management LLC purchased a new position in AMETEK, Inc. (NYSE:AME - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,708 shares of the technology company's stock, valued at approximately $638,000.

A number of other large investors also recently modified their holdings of the company. Olde Wealth Management LLC purchased a new position in AMETEK in the 1st quarter valued at about $29,000. Banque Transatlantique SA purchased a new position in AMETEK in the 4th quarter valued at about $37,000. Minot DeBlois Advisors LLC purchased a new position in AMETEK in the 4th quarter valued at about $43,000. OFI Invest Asset Management purchased a new stake in AMETEK during the 4th quarter worth approximately $43,000. Finally, Golden State Wealth Management LLC increased its holdings in AMETEK by 201.0% during the 1st quarter. Golden State Wealth Management LLC now owns 295 shares of the technology company's stock worth $51,000 after purchasing an additional 197 shares during the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Stock Performance

AME traded down $0.45 during trading on Friday, reaching $180.99. 839,398 shares of the company were exchanged, compared to its average volume of 1,303,439. The stock has a market cap of $41.79 billion, a P/E ratio of 29.62, a PEG ratio of 2.72 and a beta of 1.09. The firm has a 50 day moving average of $178.66 and a 200 day moving average of $177.05. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.06. AMETEK had a return on equity of 16.75% and a net margin of 20.43%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the business earned $1.64 EPS. The firm's revenue was down .2% on a year-over-year basis. On average, sell-side analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.24 dividend on an annualized basis and a yield of 0.69%. AMETEK's dividend payout ratio (DPR) is presently 20.29%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Mizuho set a $212.00 price target on shares of AMETEK in a research note on Friday, May 16th. Robert W. Baird dropped their price target on shares of AMETEK from $197.00 to $190.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Truist Financial lifted their price target on shares of AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Royal Bank Of Canada lifted their price target on shares of AMETEK from $194.00 to $201.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley began coverage on shares of AMETEK in a research note on Monday, April 14th. They issued an "equal weight" rating and a $170.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $197.89.

About AMETEK

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.