Motco Has $14.02 Million Stake in Amphenol Co. (NYSE:APH)

Motco trimmed its stake in Amphenol Co. (NYSE:APH - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 201,932 shares of the electronics maker's stock after selling 5,812 shares during the quarter. Amphenol makes up about 1.4% of Motco's portfolio, making the stock its 13th biggest holding. Motco's holdings in Amphenol were worth $14,024,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in APH. Sierra Ocean LLC bought a new position in shares of Amphenol in the fourth quarter valued at $28,000. Brown Brothers Harriman & Co. lifted its stake in 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 acquiring an additional 166 shares during the last quarter. Continuum Advisory LLC grew its position in shares of Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after acquiring an additional 234 shares during the period. Hanson & Doremus Investment Management acquired a new position in shares of Amphenol during the 4th quarter worth about $32,000. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of Amphenol in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Robert W. Baird lifted their price target on Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Citigroup raised their price objective on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Bank of America boosted their target price on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Truist Financial raised their price target on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $80.68.

Amphenol Stock Performance

NYSE APH opened at $65.41 on Friday. The firm has a 50-day moving average price of $70.21 and a two-hundred day moving average price of $68.75. Amphenol Co. has a 12-month low of $53.85 and a 12-month high of $79.39. The company has a market capitalization of $79.21 billion, a P/E ratio of 34.16, a P/E/G ratio of 1.92 and a beta of 1.23. 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 issued 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. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The firm's revenue for the quarter was up 29.8% compared to the same quarter last year. 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 will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Tuesday, March 18th. Amphenol's payout ratio is currently 34.46%.

Amphenol Company 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.

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