Quarry LP Raises Stock Position in Amphenol Co. (NYSE:APH)

Quarry LP grew its holdings in shares of Amphenol Co. (NYSE:APH) by 138.1% during the fourth quarter, Holdings Channel reports. The firm owned 3,031 shares of the electronics maker’s stock after purchasing an additional 1,758 shares during the quarter. Quarry LP’s holdings in Amphenol were worth $211,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tacita Capital Inc increased its stake in Amphenol by 328.9% during 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 during the period. Sierra Ocean LLC purchased a new stake in shares of Amphenol during the fourth quarter worth approximately $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol during the fourth quarter worth approximately $28,000. Rakuten Securities Inc. increased its stake in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after buying an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol during the fourth quarter worth approximately $32,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Price Performance

APH stock opened at $75.81 on Monday. The company has a market capitalization of $91.87 billion, a P/E ratio of 39.59, a PEG ratio of 1.92 and a beta of 1.17. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $79.39. The business has a 50 day simple moving average of $65.53 and a 200-day simple moving average of $69.01. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. During the same period in the prior year, the company earned $0.40 earnings per share. As a group, equities analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol’s payout ratio is currently 34.55%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of Amphenol from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group restated a “buy” rating and set a $85.00 target price (up from $78.00) on shares of Amphenol in a research note on Thursday. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research note on Thursday. Finally, Citigroup increased their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and a consensus price target of $82.58.

Amphenol 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.