Hemenway Trust Co LLC Buys 1,325 Shares of Amphenol Co. (NYSE:APH)

Hemenway Trust Co LLC boosted its stake in shares of Amphenol Co. (NYSE:APH) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,610 shares of the electronics maker’s stock after purchasing an additional 1,325 shares during the period. Hemenway Trust Co LLC’s holdings in Amphenol were worth $2,056,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC grew its stake in shares of Amphenol by 8.5% in the third quarter. Integrated Wealth Concepts LLC now owns 10,342 shares of the electronics maker’s stock valued at $674,000 after buying an additional 811 shares in the last quarter. IHT Wealth Management LLC lifted its stake in Amphenol by 66.9% in the third quarter. IHT Wealth Management LLC now owns 5,314 shares of the electronics maker’s stock valued at $343,000 after acquiring an additional 2,130 shares during the last quarter. Royal London Asset Management Ltd. grew its position in shares of Amphenol by 2.4% in the 3rd quarter. Royal London Asset Management Ltd. now owns 628,148 shares of the electronics maker’s stock valued at $40,930,000 after acquiring an additional 14,945 shares during the period. Quantinno Capital Management LP increased its stake in shares of Amphenol by 8.9% during the 3rd quarter. Quantinno Capital Management LP now owns 159,059 shares of the electronics maker’s stock worth $10,364,000 after purchasing an additional 12,943 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Amphenol in the 3rd quarter valued at about $2,528,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on APH shares. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial boosted their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Bank of America raised their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Robert W. Baird upped their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Finally, Citigroup raised their target price 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. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Stock Down 5.6 %

Shares of APH opened at $59.14 on Friday. 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. The firm’s 50 day moving average is $66.77 and its 200-day moving average is $68.78. The stock has a market capitalization of $71.67 billion, a PE ratio of 30.88, a P/E/G ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH) last announced its quarterly earnings data 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 return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the firm earned $0.82 EPS. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. Equities research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently announced 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. This represents a $0.66 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is presently 34.55%.

Amphenol 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.