MorganRosel Wealth Management LLC lowered its stake in Amphenol Co. (NYSE:APH - Free Report) by 19.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,592 shares of the electronics maker's stock after selling 3,800 shares during the quarter. MorganRosel Wealth Management LLC's holdings in Amphenol were worth $1,083,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of APH. Blue Trust Inc. lifted its holdings in Amphenol by 208.8% in the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock valued at $1,765,000 after purchasing an additional 18,322 shares in the last quarter. Spire Wealth Management lifted its stake in shares of Amphenol by 34.1% during the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock worth $6,836,000 after purchasing an additional 25,007 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Amphenol by 50.9% during the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker's stock worth $17,477,000 after purchasing an additional 90,450 shares during the last quarter. LMR Partners LLP increased its stake in Amphenol by 315.1% in the third quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker's stock valued at $19,209,000 after purchasing an additional 223,784 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Amphenol by 22.3% during the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker's stock worth $6,966,000 after buying an additional 19,496 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.
APH has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Bank of America lifted their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Citigroup boosted their price target on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Finally, Robert W. Baird raised their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $80.68.
View Our Latest Stock Report on Amphenol
Shares of NYSE APH opened at $67.14 on Tuesday. 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 has a 50-day moving average price of $70.57 and a two-hundred day moving average price of $68.77. Amphenol Co. has a one year low of $53.67 and a one year high of $79.39. The firm has a market capitalization of $81.31 billion, a PE ratio of 35.06, a PEG ratio of 1.92 and a beta of 1.23.
Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. The business 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 quarter in the previous year, the firm earned $0.82 EPS. As a group, analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.
The business 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 $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.98%. Amphenol's dividend payout ratio is currently 34.46%.
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.
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