Maren Capital LLC Has $97.40 Million Stock Position in Amphenol Co. (NYSE:APH)

Maren Capital LLC boosted its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,402,468 shares of the electronics maker's stock after purchasing an additional 28,996 shares during the period. Amphenol accounts for approximately 7.4% of Maren Capital LLC's portfolio, making the stock its 6th biggest position. Maren Capital LLC owned about 0.12% of Amphenol worth $97,401,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Invesco Ltd. boosted its stake in Amphenol by 1.2% during the 4th quarter. Invesco Ltd. now owns 9,057,928 shares of the electronics maker's stock valued at $629,073,000 after purchasing an additional 107,482 shares during the period. Bank of Montreal Can grew its stake in shares of Amphenol by 1.4% in the fourth quarter. Bank of Montreal Can now owns 2,332,775 shares of the electronics maker's stock worth $162,011,000 after acquiring an additional 32,776 shares during the last quarter. FMR LLC increased its holdings in shares of Amphenol by 2.6% during the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after purchasing an additional 2,643,752 shares during the period. Polymer Capital Management HK LTD lifted its position in shares of Amphenol by 88.4% in the 4th quarter. Polymer Capital Management HK LTD now owns 47,100 shares of the electronics maker's stock worth $3,271,000 after acquiring an additional 22,100 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Amphenol during the 4th quarter worth approximately $322,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. 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 report on Friday, January 17th. UBS Group cut their price target on Amphenol from $90.00 to $78.00 and set a "buy" rating for the company in a report on Thursday. Truist Financial increased their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. The Goldman Sachs Group dropped their price objective on shares of Amphenol from $89.00 to $72.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Bank of America boosted their target price on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and an average target price of $80.60.

Amphenol Stock Up 2.0 %

APH traded up $1.26 during trading on Friday, reaching $65.39. The company had a trading volume of 6,469,069 shares, compared to its average volume of 7,404,262. The business's fifty day moving average price is $65.88 and its 200 day moving average price is $68.69. 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 Co. has a 12 month low of $54.72 and a 12 month high of $79.39. The company has a market cap of $79.23 billion, a P/E ratio of 34.14, a PEG ratio of 1.92 and a beta of 1.17.

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, topping analysts' consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion during 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 EPS. Equities analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is 34.55%.

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.