We Are One Seven LLC grew its holdings in Amphenol Co. (NYSE:APH – Get Rating) by 118.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,614 shares of the electronics maker’s stock after acquiring an additional 3,585 shares during the quarter. We Are One Seven LLC’s holdings in Amphenol were worth $578,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Montag A & Associates Inc. acquired a new position in shares of Amphenol during the third quarter worth about $26,000. EverSource Wealth Advisors LLC acquired a new position in shares of Amphenol during the fourth quarter worth about $32,000. Arlington Partners LLC acquired a new position in shares of Amphenol during the fourth quarter worth about $36,000. Assetmark Inc. boosted its position in shares of Amphenol by 83.1% during the third quarter. Assetmark Inc. now owns 659 shares of the electronics maker’s stock worth $48,000 after buying an additional 299 shares during the period. Finally, CVA Family Office LLC acquired a new position in shares of Amphenol during the fourth quarter worth about $63,000. Institutional investors own 95.80% of the company’s stock.
Several research firms have recently weighed in on APH. Robert W. Baird reaffirmed an “outperform” rating and set a $85.00 price objective on shares of Amphenol in a research report on Friday, April 29th. The Goldman Sachs Group increased their price target on Amphenol from $82.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, January 10th. StockNews.com started coverage on Amphenol in a research report on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley reduced their price target on Amphenol from $84.00 to $79.00 and set an “equal weight” rating for the company in a research report on Monday, April 25th. Finally, Citigroup reduced their price target on Amphenol from $100.00 to $90.00 in a research report on Thursday, April 28th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $84.40.
Amphenol (NYSE:APH – Get Rating) last announced its earnings results on Wednesday, April 27th. The electronics maker reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.06. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.76 billion. Amphenol had a return on equity of 26.69% and a net margin of 14.73%. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. As a group, analysts expect that Amphenol Co. will post 2.82 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 13th. Stockholders of record on Tuesday, June 21st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, June 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.08%. Amphenol’s dividend payout ratio (DPR) is currently 29.74%.
About Amphenol (Get Rating)
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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