AssuredPartners Investment Advisors LLC Acquires New Shares in Amphenol Co. (NYSE:APH)

AssuredPartners Investment Advisors LLC bought a new position in Amphenol Co. (NYSE:APH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,096 shares of the electronics maker’s stock, valued at approximately $493,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in Amphenol by 208.8% in the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock worth $1,765,000 after buying an additional 18,322 shares during the last quarter. Spire Wealth Management increased 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 worth $6,836,000 after purchasing an additional 25,007 shares during the last quarter. Consolidated Planning Corp raised its holdings in shares of Amphenol by 37.0% during the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker’s stock valued at $1,192,000 after purchasing an additional 4,631 shares in the last quarter. Pines Wealth Management LLC bought a new position in shares of Amphenol during the 4th quarter valued at $553,000. Finally, Kanawha Capital Management LLC boosted its holdings in Amphenol by 4.5% in the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker’s stock worth $10,547,000 after purchasing an additional 6,481 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Truist Financial raised their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Bank of America raised their price objective 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 increased their price target on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Citigroup boosted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. raised their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Performance

NYSE APH opened at $68.27 on Friday. The company’s fifty day moving average is $67.92 and its two-hundred day moving average is $68.68. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The firm has a market capitalization of $82.73 billion, a price-to-earnings ratio of 35.65, a P/E/G ratio of 1.92 and a beta of 1.25.

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

Amphenol Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 0.97%. Amphenol’s dividend payout ratio (DPR) is currently 34.55%.

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.