Sagespring Wealth Partners LLC Purchases New Shares in Amphenol Co. (NYSE:APH)

Sagespring Wealth Partners LLC bought a new stake in Amphenol Co. (NYSE:APH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,115 shares of the electronics maker's stock, valued at approximately $564,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Amphenol by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock valued at $10,565,279,000 after acquiring an additional 2,108,578 shares in the last quarter. FMR LLC increased its position 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 valued at $7,240,202,000 after purchasing an additional 2,643,752 shares during the period. Geode Capital Management LLC grew its holdings in Amphenol by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock worth $1,754,672,000 after acquiring an additional 659,560 shares during the period. Norges Bank bought a new stake in Amphenol in the fourth quarter worth about $1,378,794,000. Finally, Invesco Ltd. grew its stake in shares of Amphenol by 1.2% in the 4th quarter. Invesco Ltd. now owns 9,057,928 shares of the electronics maker's stock worth $629,073,000 after purchasing an additional 107,482 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Up 0.6 %

Shares of NYSE:APH traded up $0.36 on Friday, reaching $65.13. The company had a trading volume of 6,052,594 shares, compared to its average volume of 7,412,657. The stock has a market capitalization of $78.93 billion, a P/E ratio of 34.01, a P/E/G ratio of 1.92 and a beta of 1.17. The stock has a 50-day moving average price of $65.39 and a 200 day moving average price of $68.68. Amphenol Co. has a twelve month low of $54.72 and a twelve month high of $79.39. 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 earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping 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 firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the company earned $0.82 EPS. The company's revenue for the quarter was up 29.8% on a year-over-year basis. On average, equities analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders 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 annualized dividend and a dividend yield of 1.01%. Amphenol's payout ratio is 34.55%.

Analyst Ratings Changes

A number of brokerages recently issued reports on APH. Robert W. Baird lifted their target price on Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Bank of America increased their target price on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price objective on Amphenol from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday. Truist Financial increased their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, UBS Group dropped their price objective on shares of Amphenol from $90.00 to $78.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Four 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 company. Based on data from MarketBeat, the company currently 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.