Boston Financial Mangement LLC Purchases 5,933 Shares of Amphenol Co. (NYSE:APH)

Boston Financial Mangement LLC lifted its stake in Amphenol Co. (NYSE:APH - Free Report) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 769,799 shares of the electronics maker's stock after purchasing an additional 5,933 shares during the quarter. Amphenol accounts for 1.6% of Boston Financial Mangement LLC's portfolio, making the stock its 14th largest position. Boston Financial Mangement LLC owned about 0.06% of Amphenol worth $53,463,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Amphenol by 208.8% during the 4th 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 stake in shares of Amphenol by 34.1% in the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock valued at $6,836,000 after buying an additional 25,007 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Amphenol by 50.9% in the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker's stock worth $17,477,000 after acquiring an additional 90,450 shares in the last quarter. LMR Partners LLP grew its position in Amphenol by 315.1% in the third quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker's stock worth $19,209,000 after acquiring an additional 223,784 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in Amphenol by 22.3% in the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker's stock worth $6,966,000 after acquiring an additional 19,496 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APH has been the subject of several recent analyst reports. TD Cowen upped their price target on Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Bank of America increased 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. Truist Financial raised their price objective on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Finally, Citigroup raised their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $80.68.

Amphenol Trading Down 2.6 %

Shares of APH traded down $1.80 during trading hours on Friday, hitting $67.58. 8,015,000 shares of the stock traded hands, compared to its average volume of 7,469,862. The business has a fifty day moving average of $70.73 and a 200-day moving average of $68.62. 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 firm has a market capitalization of $81.84 billion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23. Amphenol Co. has a 1-year low of $52.89 and a 1-year high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last issued 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. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company's revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. Analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

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 given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol's payout ratio is 34.46%.

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.