Ascent Wealth Partners LLC Has $400,000 Stock Position in Amphenol Co. (NYSE:APH)

Ascent Wealth Partners LLC lowered its position in shares of Amphenol Co. (NYSE:APH) by 8.6% in the fourth quarter, HoldingsChannel reports. The fund owned 5,760 shares of the electronics maker’s stock after selling 540 shares during the period. Ascent Wealth Partners LLC’s holdings in Amphenol were worth $400,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Cabot Wealth Management Inc. raised its stake in shares of Amphenol by 6.9% during the 4th quarter. Cabot Wealth Management Inc. now owns 132,615 shares of the electronics maker’s stock worth $9,210,000 after purchasing an additional 8,504 shares in the last quarter. Howard Capital Management Inc. raised its stake in shares of Amphenol by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 7,458 shares of the electronics maker’s stock worth $518,000 after purchasing an additional 382 shares in the last quarter. Redmond Asset Management LLC bought a new stake in shares of Amphenol during the 4th quarter worth approximately $590,000. VisionPoint Advisory Group LLC bought a new stake in shares of Amphenol during the 4th quarter worth approximately $59,000. Finally, Transcend Capital Advisors LLC raised its stake in shares of Amphenol by 6.4% during the 4th quarter. Transcend Capital Advisors LLC now owns 3,936 shares of the electronics maker’s stock worth $273,000 after purchasing an additional 236 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APH. JPMorgan Chase & Co. upped their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Robert W. Baird upped their price objective on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Down 2.6 %

APH stock opened at $67.58 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 $81.84 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.97 and a beta of 1.23. The business’s fifty day moving average price is $70.73 and its two-hundred day moving average price is $68.68. Amphenol Co. has a fifty-two week low of $52.89 and a fifty-two week high of $79.39.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate 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 quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 EPS. On average, equities analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 34.46%.

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.