YANKCOM Partnership Purchases New Holdings in Amphenol Co. (NYSE:APH)

YANKCOM Partnership purchased a new stake in shares of Amphenol Co. (NYSE:APH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,745 shares of the electronics maker’s stock, valued at approximately $121,000.

Other institutional investors also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC boosted its holdings in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 338 shares in the last quarter. Hanson & Doremus Investment Management acquired a new position in shares of Amphenol in the 4th quarter worth approximately $32,000. Continuum Advisory LLC boosted its holdings in shares of Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 234 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of Amphenol in the 4th quarter worth approximately $49,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Performance

Shares of Amphenol stock opened at $69.97 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a 52 week low of $51.13 and a 52 week high of $79.39. The firm has a fifty day moving average of $71.69 and a two-hundred day moving average of $68.09. The stock has a market capitalization of $84.36 billion, a price-to-earnings ratio of 36.54, a PEG ratio of 2.17 and a beta of 1.23.

Amphenol (NYSE:APH) last released its quarterly earnings data 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 business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, equities research analysts predict that Amphenol Co. will post 2.26 EPS for the current year.

Amphenol Dividend Announcement

The company also recently disclosed 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. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio is currently 34.55%.

Wall Street Analyst Weigh In

APH has been the topic of several research reports. Bank of America upped their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. TD Cowen upped their price objective on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Truist Financial upped their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird upped their price objective on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five research 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. According to MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus 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.