Maren Capital LLC Has $97.40 Million Holdings in Amphenol Co. (NYSE:APH)

Maren Capital LLC raised its stake in Amphenol Co. (NYSE:APH) by 2.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,402,468 shares of the electronics maker’s stock after buying an additional 28,996 shares during the quarter. Amphenol comprises approximately 7.4% of Maren Capital LLC’s investment portfolio, making the stock its 6th biggest position. Maren Capital LLC’s holdings in Amphenol were worth $97,401,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Tacita Capital Inc increased its holdings in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after buying an additional 296 shares during the period. Sierra Ocean LLC bought a new stake in shares of Amphenol during the 4th quarter worth $28,000. Rialto Wealth Management LLC bought a new position in Amphenol in the fourth quarter valued at about $28,000. Rakuten Securities Inc. boosted its stake in shares of Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 366 shares in the last quarter. Finally, Continuum Advisory LLC grew its holdings in shares of Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 234 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on APH. Citigroup raised their target price 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. Bank of America increased their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Truist Financial upped their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. 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. Based on data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Down 5.6 %

Shares of Amphenol stock opened at $59.14 on Monday. The stock’s 50-day moving average is $66.77 and its 200 day moving average is $68.85. Amphenol Co. has a one year low of $53.93 and a one year high of $79.39. The firm has a market cap of $71.67 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 1.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

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

Amphenol Announces Dividend

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 paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.12%. 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.