Weaver Capital Management LLC Grows Stock Position in Amphenol Co. (NYSE:APH)

Weaver Capital Management LLC raised its position in Amphenol Co. (NYSE:APH) by 4.3% during the fourth quarter, Holdings Channel reports. The firm owned 39,238 shares of the electronics maker’s stock after buying an additional 1,614 shares during the quarter. Weaver Capital Management LLC’s holdings in Amphenol were worth $2,725,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC raised its position in Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 338 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares during the period. Continuum Advisory LLC increased its position in shares of Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 234 shares during the period. Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol during the fourth quarter worth $32,000. Finally, Endeavor Private Wealth Inc. purchased a new stake in shares of Amphenol during the fourth quarter worth $49,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on APH shares. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Truist Financial upped their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Bank of America upped their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Finally, Evercore ISI upped their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Trading Down 0.5 %

NYSE APH opened at $69.75 on Wednesday. The stock has a market capitalization of $84.09 billion, a P/E ratio of 36.42, a P/E/G ratio of 2.17 and a beta of 1.23. Amphenol Co. has a 52-week low of $51.03 and a 52-week high of $79.39. The firm has a 50-day moving average price of $71.82 and a 200 day moving average price of $68.04. 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) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (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 company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the company posted $0.82 earnings per share. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. Equities research analysts expect that Amphenol Co. will post 2.26 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. Amphenol’s dividend payout ratio is presently 34.46%.

Insider Activity

In other Amphenol news, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.80% of the company’s stock.

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.