Amphenol Co. (NYSE:APH) Position Lessened by BOK Financial Private Wealth Inc.

BOK Financial Private Wealth Inc. decreased its stake in Amphenol Co. (NYSE:APH) by 8.1% during the 4th quarter, HoldingsChannel reports. The firm owned 54,274 shares of the electronics maker’s stock after selling 4,799 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Amphenol were worth $3,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Tacita Capital Inc lifted its holdings in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 296 shares during the last quarter. Sierra Ocean LLC bought a new stake in Amphenol during the 4th quarter valued at $28,000. Rialto Wealth Management LLC bought a new stake in Amphenol during the 4th quarter valued at $28,000. Hanson & Doremus Investment Management bought a new stake in Amphenol during the 4th quarter valued at $32,000. Finally, Continuum Advisory LLC raised its stake in Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 234 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Up 2.0 %

Shares of APH stock opened at $62.99 on Friday. Amphenol Co. has a 1 year low of $54.27 and a 1 year high of $79.39. The stock has a market cap of $76.28 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The business’s fifty day moving average is $69.31 and its 200-day moving average is $68.70. 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 (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. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 EPS. Equities analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is 34.55%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Truist Financial lifted their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lifted their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Robert W. Baird lifted their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, Bank of America lifted their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and a consensus target price 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.