Rialto Wealth Management LLC Makes New Investment in Amphenol Co. (NYSE:APH)

Rialto Wealth Management LLC bought a new stake in Amphenol Co. (NYSE:APH) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 400 shares of the electronics maker’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Jacobs Levy Equity Management Inc. raised its holdings in Amphenol by 89.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after acquiring an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP purchased a new position in Amphenol during the third quarter worth approximately $113,828,000. Los Angeles Capital Management LLC lifted its position in Amphenol by 3,103.8% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker’s stock worth $116,995,000 after buying an additional 1,632,014 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Amphenol during the fourth quarter worth $109,276,000. Finally, State Street Corp boosted its stake in Amphenol by 3.0% during the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after buying an additional 1,537,880 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on APH. Robert W. Baird lifted their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Truist Financial lifted their target price 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. Bank of America increased their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Citigroup lifted their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group increased their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Trading Up 2.0 %

Shares of NYSE APH opened at $62.99 on Monday. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $76.28 billion, a PE ratio of 32.89, a PEG ratio of 1.92 and a beta of 1.25. Amphenol Co. has a twelve month low of $54.27 and a twelve month high of $79.39. The stock has a fifty day simple moving average of $69.31 and a 200-day simple moving average of $68.71.

Amphenol (NYSE:APH) last issued its quarterly 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. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. On average, equities analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

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

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.