Okabena Investment Services Inc. Grows Holdings in Amphenol Co. (NYSE:APH)

Okabena Investment Services Inc. grew its stake in shares of Amphenol Co. (NYSE:APH) by 18.1% in the fourth quarter, Holdings Channel reports. The firm owned 32,596 shares of the electronics maker’s stock after acquiring an additional 5,000 shares during the period. Okabena Investment Services Inc.’s holdings in Amphenol were worth $2,264,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in APH. Tacita Capital Inc grew its stake in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 296 shares in the last quarter. Sierra Ocean LLC purchased a new position in Amphenol during the 4th quarter worth $28,000. Rialto Wealth Management LLC bought a new stake in Amphenol during the 4th quarter valued at $28,000. Rakuten Securities Inc. lifted its holdings in shares of Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after buying an additional 366 shares during the period. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after buying an additional 166 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Truist Financial boosted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group increased 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. Robert W. Baird raised their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, Bank of America boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Five investment 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Stock Down 2.4 %

APH stock opened at $66.56 on Friday. The stock has a market capitalization of $80.66 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $67.86 and a 200 day moving average of $68.72.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 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 business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. Sell-side analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

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 paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.99%. Amphenol’s payout ratio is 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.