Amphenol Co. (NYSE:APH) Position Boosted by Howard Capital Management Inc.

Howard Capital Management Inc. lifted its position in Amphenol Co. (NYSE:APH) by 5.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,458 shares of the electronics maker’s stock after acquiring an additional 382 shares during the period. Howard Capital Management Inc.’s holdings in Amphenol were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC bought a new stake in Amphenol during the fourth quarter valued at $28,000. Brown Brothers Harriman & Co. grew its position in shares of Amphenol by 50.0% during the 3rd 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 during the last quarter. Continuum Advisory LLC raised its stake in 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 bought a new position in Amphenol in the fourth quarter worth about $32,000. Finally, Endeavor Private Wealth Inc. acquired a new position in Amphenol in the fourth quarter valued at approximately $49,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Trading Down 0.7 %

Shares of NYSE:APH opened at $67.14 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock has a market capitalization of $81.31 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 1.97 and a beta of 1.23. Amphenol Co. has a 1-year low of $53.67 and a 1-year high of $79.39. The company has a 50 day moving average price of $70.57 and a 200 day moving average price of $68.77.

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, topping analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the firm posted $0.82 EPS. The company’s quarterly revenue was up 29.8% on a year-over-year basis. On average, research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is 34.55%.

Wall Street Analysts Forecast Growth

APH has been the topic of several recent research reports. Robert W. Baird lifted their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Bank of America increased 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. Citigroup boosted their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. The Goldman Sachs Group raised 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. Finally, Truist Financial upped their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus 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.