Prestige Wealth Management Group LLC Increases Stock Holdings in Amphenol Co. (NYSE:APH)

Prestige Wealth Management Group LLC grew its holdings in shares of Amphenol Co. (NYSE:APH) by 12.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,105 shares of the electronics maker’s stock after purchasing an additional 354 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Amphenol were worth $216,000 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. Blue Trust Inc. grew its holdings in Amphenol by 208.8% during the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock valued at $1,765,000 after purchasing an additional 18,322 shares during the period. Spire Wealth Management grew its stake in shares of Amphenol by 34.1% during the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock valued at $6,836,000 after acquiring an additional 25,007 shares during the period. Consolidated Planning Corp increased its holdings in Amphenol by 37.0% in the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker’s stock worth $1,192,000 after acquiring an additional 4,631 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in Amphenol by 11.8% during the third quarter. Glenmede Trust Co. NA now owns 1,682,734 shares of the electronics maker’s stock valued at $109,647,000 after purchasing an additional 177,510 shares in the last quarter. Finally, Pines Wealth Management LLC bought a new position in shares of Amphenol in the fourth quarter worth approximately $553,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Amphenol stock opened at $69.48 on Wednesday. The firm’s fifty day moving average is $68.02 and its 200 day moving average is $68.69. Amphenol Co. has a 52-week low of $54.72 and a 52-week 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. The company has a market cap of $84.19 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. Sell-side analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

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. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. Amphenol’s dividend payout ratio is presently 34.55%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on APH shares. 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 note on Friday, January 17th. JPMorgan Chase & Co. upped their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Bank of America lifted their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lifted their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Truist Financial boosted their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

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.