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

Ascent Wealth Partners LLC lessened its position in Amphenol Co. (NYSE:APH) by 8.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Amphenol in the fourth quarter valued at about $28,000. Brown Brothers Harriman & Co. raised its holdings in shares of Amphenol by 50.0% in 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 last quarter. Continuum Advisory LLC raised its holdings in shares of 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 during the last quarter. Hanson & Doremus Investment Management bought a new position in shares of Amphenol in the fourth quarter valued at about $32,000. Finally, Endeavor Private Wealth Inc. bought a new position in shares of Amphenol in the fourth quarter valued at about $49,000. 97.01% of the stock is owned by institutional investors.

Amphenol Price Performance

Shares of APH opened at $67.58 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock has a 50 day simple moving average of $70.73 and a 200 day simple moving average of $68.68. Amphenol Co. has a 52-week low of $52.89 and a 52-week high of $79.39. The firm has a market capitalization of $81.84 billion, a PE ratio of 35.29, a P/E/G ratio of 1.97 and a beta of 1.23.

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

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.98%. Amphenol’s dividend payout ratio is presently 34.46%.

Analysts Set New Price Targets

APH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Robert W. Baird boosted their price objective on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Citigroup boosted their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Bank of America boosted their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $80.68.

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.