Broadway Wealth Solutions Inc. Makes New Investment in Amphenol Co. (NYSE:APH)

Broadway Wealth Solutions Inc. purchased a new position in Amphenol Co. (NYSE:APH - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,464 shares of the electronics maker's stock, valued at approximately $310,000.

A number of other institutional investors have also made changes to their positions in APH. Princeton Global Asset Management LLC lifted its holdings in Amphenol by 0.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock worth $1,634,000 after acquiring an additional 136 shares in the last quarter. WASHINGTON TRUST Co lifted its holdings in shares of Amphenol by 23.0% during the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock valued at $55,000 after purchasing an additional 147 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock valued at $32,000 after purchasing an additional 166 shares during the period. Fragasso Financial Advisors Inc raised its holdings in Amphenol by 4.7% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock worth $266,000 after buying an additional 171 shares during the period. Finally, Newbridge Financial Services Group Inc. lifted its stake in Amphenol by 3.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock valued at $381,000 after buying an additional 173 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

APH has been the subject of several research reports. Bank of America increased their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Citigroup increased their target price on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, January 17th. Robert W. Baird upped their price objective on Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research report 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 report on Thursday, January 23rd. Finally, Truist Financial upped their price target on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Five investment 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $80.68.

Amphenol Price Performance

Shares of Amphenol stock traded up $0.58 during midday trading on Tuesday, hitting $66.17. 2,511,157 shares of the company traded hands, compared to its average volume of 8,098,463. The firm's fifty day moving average price is $67.78 and its 200-day moving average price is $68.84. The stock has a market cap of $80.18 billion, a price-to-earnings ratio of 34.55, a PEG ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 12 month low of $54.72 and a 12 month high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

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 analysts' consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same period in the prior year, the company earned $0.82 EPS. Amphenol's revenue was up 29.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

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 given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.00%. Amphenol's dividend payout ratio is presently 34.55%.

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.