Redmond Asset Management LLC Makes New $590,000 Investment in Amphenol Co. (NYSE:APH)

Redmond Asset 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 Securities and Exchange Commission. The fund bought 8,500 shares of the electronics maker's stock, valued at approximately $590,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sierra Ocean LLC acquired a new position in Amphenol in the 4th quarter worth approximately $28,000. Brown Brothers Harriman & Co. boosted its position in shares of 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 buying an additional 166 shares during the period. Continuum Advisory LLC grew its holdings in shares of Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after buying an additional 234 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in Amphenol in the 4th quarter worth about $32,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in Amphenol during the 4th quarter worth about $49,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on APH. Robert W. Baird upped their target price on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Truist Financial upped their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note 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 research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Finally, Citigroup lifted their price objective on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $80.68.

Amphenol Stock Performance

Amphenol stock traded up $1.06 during trading hours on Wednesday, reaching $66.07. 9,800,579 shares of the company were exchanged, compared to its average volume of 7,813,120. Amphenol Co. has a 12 month low of $53.76 and a 12 month 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 stock has a 50-day moving average of $70.38 and a 200 day moving average of $68.79. The firm has a market cap of $80.02 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 1.92 and a beta of 1.23.

Amphenol (NYSE:APH - Get Free Report) last announced its 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 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 prior year, the company earned $0.82 EPS. The firm's revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is presently 34.46%.

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.