Portfolio Design Labs LLC Purchases 17,577 Shares of Amphenol Co. (NYSE:APH)

Portfolio Design Labs LLC grew its position in Amphenol Co. (NYSE:APH) by 20.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,215 shares of the electronics maker’s stock after acquiring an additional 17,577 shares during the period. Amphenol comprises about 1.5% of Portfolio Design Labs LLC’s portfolio, making the stock its 11th largest holding. Portfolio Design Labs LLC’s holdings in Amphenol were worth $7,168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Trifecta Capital Advisors LLC lifted its stake in shares of Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after buying an additional 338 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares during the last quarter. Continuum Advisory LLC boosted its holdings in shares of 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 acquired a new position in shares of Amphenol in the fourth quarter valued at approximately $32,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in Amphenol during the 4th quarter worth approximately $49,000. 97.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on APH. Bank of America increased their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Truist Financial boosted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Evercore ISI increased their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird increased their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Trading Down 2.6 %

Shares of APH opened at $69.95 on Wednesday. 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 market cap of $84.33 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 1.99 and a beta of 1.23. The business’s fifty day moving average is $71.55 and its 200-day moving average is $68.25.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm 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 business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 earnings per share. 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 paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.94%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is 34.46%.

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.