Cabot Wealth Management Inc. Boosts Stock Holdings in Amphenol Co. (NYSE:APH)

Cabot Wealth Management Inc. raised its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 132,615 shares of the electronics maker's stock after purchasing an additional 8,504 shares during the quarter. Cabot Wealth Management Inc.'s holdings in Amphenol were worth $9,210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in Amphenol by 208.8% during the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock valued at $1,765,000 after buying an additional 18,322 shares during the last quarter. Spire Wealth Management grew its position 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 valued at $6,836,000 after acquiring an additional 25,007 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Amphenol by 50.9% in the 3rd 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 in the last quarter. LMR Partners LLP raised its holdings in Amphenol by 315.1% in the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker's stock worth $19,209,000 after purchasing an additional 223,784 shares during the period. 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 valued at $6,966,000 after purchasing an additional 19,496 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Trading Up 1.6 %

Shares of Amphenol stock traded up $1.06 during trading on Wednesday, hitting $66.07. The stock had a trading volume of 9,800,999 shares, compared to its average volume of 7,813,164. The stock has a market cap of $80.02 billion, a PE ratio of 34.50, a PEG ratio of 1.92 and a beta of 1.23. Amphenol Co. has a 12 month low of $53.76 and a 12 month high of $79.39. The firm's fifty day simple moving average is $70.38 and its 200-day simple moving average is $68.79. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. The company's revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, sell-side analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently commented on APH. Bank of America raised 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. The Goldman Sachs Group raised their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Truist Financial upped their price target 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. Robert W. Baird raised their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Finally, Citigroup lifted their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Five research 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.com, the stock 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.