Arcadia Investment Management Corp MI Takes Position in Amphenol Co. (NYSE:APH)

Arcadia Investment Management Corp MI bought a new position in shares of Amphenol Co. (NYSE:APH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,000 shares of the electronics maker’s stock, valued at approximately $69,000.

Several other institutional investors also recently bought and sold shares of the stock. Sierra Ocean LLC purchased a new position in shares of Amphenol during the 4th quarter valued at approximately $28,000. Hanson & Doremus Investment Management acquired a new stake in Amphenol during the fourth quarter valued at $32,000. Continuum Advisory LLC increased its holdings in Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after buying an additional 166 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of Amphenol in the fourth quarter worth about $49,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Price Performance

Amphenol stock opened at $67.58 on Friday. The company has a fifty day simple moving average of $70.73 and a 200-day simple moving average of $68.62. The firm has a market capitalization of $81.84 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.99 and a beta of 1.23. 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 Co. has a 52-week low of $52.89 and a 52-week high of $79.39.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the company earned $0.82 EPS. Amphenol’s revenue was up 29.8% compared to the same quarter last year. On average, equities analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

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 given a dividend of $0.165 per share. 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 0.98%. Amphenol’s payout ratio is 34.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on APH shares. TD Cowen raised their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Truist Financial boosted their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” 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 stock a “buy” rating in a research note on Friday, January 17th. Bank of America lifted their price target 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, JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” 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 assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

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.