Amphenol Co. (NYSE:APH) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its stake in Amphenol Co. (NYSE:APH) by 13.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,890 shares of the electronics maker’s stock after purchasing an additional 462 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Amphenol were worth $270,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in APH. Sequoia Financial Advisors LLC lifted its stake in Amphenol by 20.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 22,556 shares of the electronics maker’s stock worth $1,567,000 after purchasing an additional 3,774 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Amphenol by 8.6% in the 4th quarter. HighTower Advisors LLC now owns 237,920 shares of the electronics maker’s stock valued at $16,524,000 after buying an additional 18,939 shares during the period. Inspire Advisors LLC lifted its stake in Amphenol by 4.3% during the 4th quarter. Inspire Advisors LLC now owns 11,086 shares of the electronics maker’s stock worth $770,000 after acquiring an additional 458 shares in the last quarter. Citizens Financial Group Inc. RI boosted its holdings in Amphenol by 24.5% during the 4th quarter. Citizens Financial Group Inc. RI now owns 15,231 shares of the electronics maker’s stock valued at $1,058,000 after acquiring an additional 2,995 shares during the period. Finally, Sage Mountain Advisors LLC grew its position in Amphenol by 146.6% in the 4th quarter. Sage Mountain Advisors LLC now owns 10,770 shares of the electronics maker’s stock valued at $748,000 after acquiring an additional 6,403 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Robert W. Baird raised their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group boosted their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased 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. Truist Financial boosted their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Bank of America lifted their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Trading Up 2.4 %

APH opened at $63.08 on Friday. 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 Co. has a 52 week low of $54.72 and a 52 week high of $79.39. The business’s 50 day moving average is $68.57 and its two-hundred day moving average is $68.53. The firm has a market cap of $76.39 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

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

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.05%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio 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.