Amphenol Co. (NYSE:APH) Stake Lifted by Corient Private Wealth LLC

Corient Private Wealth LLC increased its stake in shares of Amphenol Co. (NYSE:APH) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 385,600 shares of the electronics maker’s stock after buying an additional 29,329 shares during the quarter. Corient Private Wealth LLC’s holdings in Amphenol were worth $26,780,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Tacita Capital Inc grew its stake in shares of Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Amphenol in the fourth quarter worth $28,000. Rialto Wealth Management LLC bought a new position in shares of Amphenol in the fourth quarter worth $28,000. Rakuten Securities Inc. grew its stake in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in shares of Amphenol in the fourth quarter worth $32,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Up 0.1 %

NYSE:APH opened at $63.90 on Wednesday. The firm has a market capitalization of $77.38 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 1-year low of $54.72 and a 1-year high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average price is $68.28 and its 200 day moving average price is $68.50.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 earnings per share. On average, sell-side analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is currently 34.55%.

Analysts Set New Price Targets

APH has been the subject of several research analyst reports. Truist Financial upped their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Bank of America upped their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Citigroup upped their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. JPMorgan Chase & Co. upped their price objective on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their price objective on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

About Amphenol

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.