Broadway Wealth Solutions Inc. Invests $310,000 in Amphenol Co. (NYSE:APH)

Broadway Wealth Solutions Inc. acquired a new position in shares of Amphenol Co. (NYSE:APH) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 4,464 shares of the electronics maker’s stock, valued at approximately $310,000.

Several other large investors have also recently made changes to their positions in APH. Vanguard Group Inc. boosted its stake in shares of Amphenol by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock worth $10,565,279,000 after acquiring an additional 2,108,578 shares in the last quarter. State Street Corp grew its stake in Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after acquiring an additional 1,537,880 shares during the period. Geode Capital Management LLC increased its holdings in Amphenol by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock worth $1,601,540,000 after acquiring an additional 564,991 shares in the last quarter. Norges Bank acquired a new position in Amphenol during the fourth quarter worth $1,378,794,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Amphenol by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,760,270 shares of the electronics maker’s stock valued at $469,501,000 after purchasing an additional 201,600 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APH has been the subject of several research reports. Robert W. Baird boosted their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Truist Financial boosted their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Citigroup upped their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Finally, The Goldman Sachs Group lifted their price target 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. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Up 1.0 %

APH stock opened at $68.27 on Friday. Amphenol Co. has a twelve month low of $54.72 and a twelve month high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock has a market cap of $82.73 billion, a P/E ratio of 35.65, a PEG ratio of 1.92 and a beta of 1.25. The company’s 50 day moving average is $67.92 and its two-hundred day moving average is $68.68.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share 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 company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the business posted $0.82 EPS. The company’s revenue was up 29.8% on a year-over-year basis. Research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio is currently 34.55%.

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.