EntryPoint Capital LLC Makes New $287,000 Investment in Amphenol Co. (NYSE:APH)

EntryPoint Capital LLC acquired a new stake in shares of Amphenol Co. (NYSE:APH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,131 shares of the electronics maker's stock, valued at approximately $287,000.

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

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Wall Street Analyst Weigh In

Several analysts have issued reports on APH shares. JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Robert W. Baird upped their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Citigroup lifted their target price 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. 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 note on Thursday, January 23rd. Finally, Truist Financial raised their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Five equities 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. According to data from MarketBeat.com, Amphenol currently has an average rating of "Moderate Buy" and an average price target of $80.68.

Amphenol Trading Up 0.6 %

NYSE APH traded up $0.37 on Tuesday, reaching $65.96. The stock had a trading volume of 6,361,087 shares, compared to its average volume of 7,271,516. Amphenol Co. has a 12-month low of $54.72 and a 12-month high of $79.39. The stock has a fifty day moving average price of $67.65 and a two-hundred day moving average price of $68.86. The firm has a market capitalization of $79.93 billion, a price-to-earnings ratio of 34.45, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company's quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 EPS. As a group, sell-side analysts forecast 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. Investors of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. 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 payout ratio is currently 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.