Coign Capital Advisors LLC Makes New $721,000 Investment in Amphenol Co. (NYSE:APH)

Coign Capital Advisors LLC bought a new stake in Amphenol Co. (NYSE:APH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,384 shares of the electronics maker’s stock, valued at approximately $721,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Tacita Capital Inc increased its position in Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 296 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Amphenol in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new position in Amphenol during the fourth quarter worth $28,000. Rakuten Securities Inc. lifted its holdings in Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol during the 4th quarter worth $32,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. UBS Group cut their price target on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a report on Thursday. The Goldman Sachs Group reduced their price target on shares of Amphenol from $89.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday. Robert W. Baird upped 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. JPMorgan Chase & Co. raised their price objective on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Bank of America boosted their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Four 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $80.60.

Amphenol Stock Down 3.0 %

APH opened at $64.21 on Friday. The business’s fifty day simple moving average is $65.97 and its 200 day simple moving average is $68.69. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39. The firm has a market cap of $77.80 billion, a P/E ratio of 33.53, a PEG ratio of 1.92 and a beta of 1.17. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

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

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is 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.