Global Retirement Partners LLC Has $303,000 Stock Position in Amphenol Co. (NYSE:APH)

Global Retirement Partners LLC lessened its stake in Amphenol Co. (NYSE:APH) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,362 shares of the electronics maker’s stock after selling 294 shares during the quarter. Global Retirement Partners LLC’s holdings in Amphenol were worth $303,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Amphenol by 208.8% in the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock valued at $1,765,000 after buying an additional 18,322 shares in the last quarter. Spire Wealth Management raised its position in Amphenol by 34.1% during the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock valued at $6,836,000 after purchasing an additional 25,007 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Amphenol by 50.9% during the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock worth $17,477,000 after purchasing an additional 90,450 shares during the last quarter. LMR Partners LLP increased its stake in shares of Amphenol by 315.1% in the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock valued at $19,209,000 after purchasing an additional 223,784 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Amphenol by 22.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock worth $6,966,000 after buying an additional 19,496 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on APH. The Goldman Sachs Group lifted their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Truist Financial upped their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. 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. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, Bank of America raised their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Price Performance

Shares of APH opened at $67.14 on Tuesday. The business has a 50-day moving average of $70.57 and a 200-day moving average of $68.77. Amphenol Co. has a 1 year low of $53.67 and a 1 year high of $79.39. The company has a market capitalization of $81.31 billion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23. 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 released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the business earned $0.82 EPS. The company’s revenue was up 29.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.98%. Amphenol’s payout ratio is currently 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.