Quent Capital LLC Has $333,000 Stock Position in Amphenol Co. (NYSE:APH)

Quent Capital LLC cut its holdings in Amphenol Co. (NYSE:APH) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,790 shares of the electronics maker’s stock after selling 218 shares during the quarter. Quent Capital LLC’s holdings in Amphenol were worth $333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Trifecta Capital Advisors LLC boosted its stake in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 338 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 166 shares during the last quarter. Continuum Advisory LLC boosted its position in Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares in the last quarter. Hanson & Doremus Investment Management bought a new stake in shares of Amphenol during the fourth quarter worth $32,000. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of Amphenol during the fourth quarter worth $49,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

APH stock opened at $69.95 on Wednesday. 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 market cap of $84.33 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 1.99 and a beta of 1.23. The company’s fifty day simple moving average is $71.55 and its 200 day simple moving average is $68.25. Amphenol Co. has a 12-month low of $51.13 and a 12-month high of $79.39.

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

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is 34.46%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on APH shares. Citigroup raised their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Robert W. Baird lifted their price target on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Evercore ISI boosted their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial raised their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a 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 research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.68.

About Amphenol

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.