17,062 Shares in Amphenol Co. (NYSE:APH) Purchased by Modern Wealth Management LLC

Modern Wealth Management LLC bought a new position in Amphenol Co. (NYSE:APH - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 17,062 shares of the electronics maker's stock, valued at approximately $1,225,000.

Several other hedge funds have also recently made changes to their positions in APH. Independent Advisor Alliance boosted its position in shares of Amphenol by 106.0% during the third quarter. Independent Advisor Alliance now owns 8,224 shares of the electronics maker's stock valued at $536,000 after buying an additional 4,232 shares during the period. Brown Brothers Harriman & Co. lifted its stake in Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock worth $32,000 after acquiring an additional 166 shares during the period. The Manufacturers Life Insurance Company increased its position in Amphenol by 157.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker's stock valued at $125,899,000 after purchasing an additional 1,180,944 shares during the period. Brooklyn Investment Group raised its holdings in shares of Amphenol by 103.1% in the 3rd quarter. Brooklyn Investment Group now owns 3,836 shares of the electronics maker's stock valued at $250,000 after purchasing an additional 1,947 shares in the last quarter. Finally, Avestar Capital LLC lifted its position in shares of Amphenol by 6.9% in the 3rd quarter. Avestar Capital LLC now owns 6,153 shares of the electronics maker's stock worth $401,000 after purchasing an additional 399 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Amphenol Stock Performance

Shares of NYSE:APH traded down $0.97 on Monday, hitting $65.62. 10,087,914 shares of the company were exchanged, compared to its average volume of 7,264,478. The firm has a market capitalization of $79.51 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. 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 Co. has a 1-year low of $54.72 and a 1-year high of $79.39. The stock's 50 day moving average price is $67.78 and its 200 day moving average price is $68.84.

Amphenol (NYSE:APH - Get Free Report) 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. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the business earned $0.82 EPS. The company's quarterly revenue was up 29.8% compared to the same quarter last year. Sell-side analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently announced 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 is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. Amphenol's dividend payout ratio (DPR) is presently 34.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on APH shares. Citigroup boosted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Bank of America upped 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. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a research note 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 company a "buy" rating in a research report on Thursday, January 23rd. Finally, Truist Financial lifted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Amphenol has an average rating of "Moderate Buy" and an average 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.