Tranquility Partners LLC Decreases Stake in Amphenol Co. (NYSE:APH)

Tranquility Partners LLC decreased its position in Amphenol Co. (NYSE:APH) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,517 shares of the electronics maker’s stock after selling 469 shares during the period. Tranquility Partners LLC’s holdings in Amphenol were worth $939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ingalls & Snyder LLC raised its stake in shares of Amphenol by 0.7% in the fourth quarter. Ingalls & Snyder LLC now owns 44,429 shares of the electronics maker’s stock worth $3,086,000 after purchasing an additional 323 shares during the last quarter. Consolidated Planning Corp increased its stake in shares of Amphenol by 37.0% in the fourth quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker’s stock worth $1,192,000 after acquiring an additional 4,631 shares during the period. Fiera Capital Corp lifted its position in Amphenol by 13.5% during the fourth quarter. Fiera Capital Corp now owns 990,538 shares of the electronics maker’s stock valued at $68,793,000 after purchasing an additional 117,749 shares during the period. Van ECK Associates Corp boosted its holdings in Amphenol by 1.4% in the fourth quarter. Van ECK Associates Corp now owns 221,621 shares of the electronics maker’s stock valued at $15,392,000 after purchasing an additional 2,964 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC purchased a new position in shares of Amphenol during the 4th quarter valued at about $212,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Down 0.3 %

NYSE APH opened at $69.75 on Thursday. Amphenol Co. has a one year low of $51.13 and a one year high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The business has a fifty day moving average price of $71.48 and a 200 day moving average price of $68.29. The company has a market cap of $84.09 billion, a P/E ratio of 36.42, a P/E/G ratio of 1.99 and a beta of 1.23.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the company earned $0.82 EPS. Amphenol’s revenue was up 29.8% compared to the same quarter last year. Research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. Amphenol’s payout ratio is 34.46%.

Analyst Ratings Changes

APH has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group increased their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Bank of America raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Evercore ISI increased their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Robert W. Baird lifted their price target on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.