Next Level Wealth Planning LLC Buys New Shares in Amphenol Co. (NYSE:APH)

Next Level Wealth Planning LLC bought a new stake in Amphenol Co. (NYSE:APH) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,400 shares of the electronics maker’s stock, valued at approximately $306,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Montag A & Associates Inc. grew its holdings in Amphenol by 53.9% in the fourth quarter. Montag A & Associates Inc. now owns 70,734 shares of the electronics maker’s stock valued at $4,924,000 after purchasing an additional 24,775 shares during the period. Manchester Capital Management LLC grew its holdings in Amphenol by 1.1% in the fourth quarter. Manchester Capital Management LLC now owns 36,052 shares of the electronics maker’s stock valued at $2,504,000 after purchasing an additional 394 shares during the period. WASHINGTON TRUST Co grew its holdings in Amphenol by 23.0% in the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock valued at $55,000 after purchasing an additional 147 shares during the period. ABC Arbitrage SA purchased a new stake in Amphenol during the fourth quarter worth approximately $1,497,000. Finally, Adell Harriman & Carpenter Inc. purchased a new stake in Amphenol during the fourth quarter worth approximately $402,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Trading Down 0.7 %

NYSE APH opened at $68.88 on Friday. Amphenol Co. has a 12 month low of $52.06 and a 12 month high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The company has a market capitalization of $83.05 billion, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. The company’s fifty day moving average price is $71.18 and its two-hundred day moving average price is $68.35.

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

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.96%. Amphenol’s payout ratio is currently 34.46%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. 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 research note on Thursday, January 23rd. Evercore ISI boosted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Citigroup boosted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, Robert W. Baird boosted their price objective on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Five research 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 stock. According to MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average 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.