Mariner LLC Boosts Holdings in Amphenol Co. (NYSE:APH)

Mariner LLC raised its holdings in Amphenol Co. (NYSE:APH - Free Report) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,082 shares of the electronics maker's stock after purchasing an additional 24,101 shares during the period. Mariner LLC's holdings in Amphenol were worth $15,632,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tacita Capital Inc grew its stake in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after buying an additional 296 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Amphenol in the fourth quarter valued at $28,000. Rialto Wealth Management LLC purchased a new stake in Amphenol during the 4th quarter worth about $28,000. Rakuten Securities Inc. boosted its stake in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after purchasing an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new position in Amphenol during the 4th quarter valued at about $32,000. Institutional investors own 97.01% of the company's stock.

Amphenol Trading Up 0.6 %

Shares of Amphenol stock traded up $0.36 during trading on Friday, reaching $65.13. The company's stock had a trading volume of 6,052,594 shares, compared to its average volume of 7,412,154. 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 Co. has a 52-week low of $54.77 and a 52-week high of $79.39. The firm's 50-day moving average is $65.39 and its two-hundred day moving average is $68.73. The company has a market cap of $78.93 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly 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 business 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 was up 29.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. On average, sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

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

Wall Street Analysts Forecast Growth

APH has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price objective on Amphenol from $89.00 to $72.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. UBS Group lowered their price target on Amphenol from $90.00 to $78.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Truist Financial boosted their price objective on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Robert W. Baird raised their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Amphenol from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday. Four 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 stock. According to MarketBeat.com, Amphenol has a consensus rating of "Moderate Buy" and an average target price of $79.40.

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.