Choate Investment Advisors Has $454,000 Stock Holdings in Amphenol Co. (NYSE:APH)

Choate Investment Advisors grew its position in shares of Amphenol Co. (NYSE:APH) by 23.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,543 shares of the electronics maker’s stock after purchasing an additional 1,222 shares during the period. Choate Investment Advisors’ holdings in Amphenol were worth $454,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in APH. Swedbank AB lifted its stake in shares of Amphenol by 38.5% in the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock worth $234,592,000 after acquiring an additional 1,000,000 shares during the period. Claro Advisors LLC lifted its stake in shares of Amphenol by 3.8% in the third quarter. Claro Advisors LLC now owns 12,476 shares of the electronics maker’s stock worth $813,000 after acquiring an additional 459 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Amphenol by 3.7% in the third quarter. Thrivent Financial for Lutherans now owns 787,818 shares of the electronics maker’s stock worth $51,334,000 after acquiring an additional 27,942 shares during the period. Taurus Asset Management LLC lifted its stake in shares of Amphenol by 1.4% in the third quarter. Taurus Asset Management LLC now owns 335,016 shares of the electronics maker’s stock worth $21,830,000 after acquiring an additional 4,610 shares during the period. Finally, LMR Partners LLP lifted its stake in shares of Amphenol by 315.1% in the third quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock worth $19,209,000 after acquiring an additional 223,784 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Bank of America lifted their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lifted their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Truist Financial boosted their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird boosted 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 research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Trading Up 1.4 %

NYSE APH opened at $63.88 on Tuesday. The company has a market cap of $77.37 billion, a price-to-earnings ratio of 33.36, a P/E/G ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39. The business has a 50 day moving average price of $68.43 and a 200-day moving average price of $68.53. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

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

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.03%. Amphenol’s dividend payout ratio (DPR) is currently 34.55%.

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.