Arcadia Investment Management Corp MI Buys Shares of 1,000 Amphenol Co. (NYSE:APH)

Arcadia Investment Management Corp MI purchased a new position in shares of Amphenol Co. (NYSE:APH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,000 shares of the electronics maker’s stock, valued at approximately $69,000.

Several other institutional investors have also recently made changes to their positions in APH. Swedbank AB raised its position in Amphenol by 38.5% in the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock valued at $234,592,000 after purchasing an additional 1,000,000 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Amphenol by 8.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 18,782 shares of the electronics maker’s stock worth $1,224,000 after purchasing an additional 1,432 shares during the last quarter. Eastern Bank purchased a new stake in Amphenol in the 3rd quarter valued at about $54,000. Private Advisor Group LLC lifted its position in Amphenol by 5.6% in the third quarter. Private Advisor Group LLC now owns 39,185 shares of the electronics maker’s stock valued at $2,553,000 after buying an additional 2,061 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Amphenol during the third quarter worth about $81,670,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on APH shares. JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. TD Cowen boosted their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Truist Financial raised their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Bank of America boosted their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Finally, Robert W. Baird raised their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Five research 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Price Performance

APH stock opened at $67.58 on Friday. The business’s 50-day moving average is $70.73 and its two-hundred day moving average is $68.62. 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 firm has a market capitalization of $81.84 billion, a P/E ratio of 35.29, a P/E/G ratio of 1.99 and a beta of 1.23. Amphenol Co. has a 1 year low of $52.89 and a 1 year high of $79.39.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $4.05 billion. During the same quarter last year, the company earned $0.82 earnings per share. The firm’s revenue was up 29.8% compared to the same quarter last year. Analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm 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 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 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.