Aquire Wealth Advisors LLC Acquires Shares of 2,938 Amphenol Co. (NYSE:APH)

Aquire Wealth Advisors LLC bought a new position in shares of Amphenol Co. (NYSE:APH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,938 shares of the electronics maker’s stock, valued at approximately $204,000.

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

Wall Street Analysts Forecast Growth

APH has been the topic of several recent analyst reports. Robert W. Baird upped their price target on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Bank of America increased their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group reduced their price target on shares of Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday. Truist Financial lifted their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Citigroup upped their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $80.60.

Amphenol Trading Up 2.0 %

APH opened at $65.39 on Friday. 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 stock has a market capitalization of $79.23 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 1.92 and a beta of 1.17. The business has a fifty day moving average price of $65.88 and a 200 day moving average price of $68.69. Amphenol Co. has a 12 month low of $54.72 and a 12 month high of $79.39.

Amphenol (NYSE:APH) last announced 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 company 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 company’s quarterly revenue was up 29.8% compared to the same quarter last year. Sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) 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.