Amphenol Co. (NYSE:APH) Shares Bought by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. grew its stake in shares of Amphenol Co. (NYSE:APH) by 2.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 153,290 shares of the electronics maker’s stock after buying an additional 3,080 shares during the period. Amphenol accounts for approximately 1.0% of Penobscot Investment Management Company Inc.’s holdings, making the stock its 27th biggest holding. Penobscot Investment Management Company Inc.’s holdings in Amphenol were worth $10,646,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in APH. Tacita Capital Inc grew its holdings in shares of Amphenol by 328.9% during 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 period. Sierra Ocean LLC purchased a new stake in Amphenol during the fourth quarter worth approximately $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Amphenol in the fourth quarter worth $28,000. Rakuten Securities Inc. raised its stake in shares of Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 366 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Performance

APH stock opened at $69.48 on Wednesday. The firm has a market cap of $84.19 billion, a P/E ratio of 36.28, a P/E/G ratio of 1.92 and a beta of 1.25. The stock’s 50 day simple moving average is $68.02 and its 200 day simple moving average is $68.69. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 12-month low of $54.72 and a 12-month high of $79.39.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 EPS. As a group, equities research analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is 34.55%.

Analyst Ratings Changes

APH has been the topic of several research reports. Robert W. Baird raised their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group upped their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Citigroup lifted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Bank of America raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Finally, Truist Financial boosted 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 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Company 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.