Amphenol Co. (NYSE:APH) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its stake in Amphenol Co. (NYSE:APH) by 13.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,890 shares of the electronics maker’s stock after buying an additional 462 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Amphenol were worth $270,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its position in Amphenol by 20.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 22,556 shares of the electronics maker’s stock worth $1,567,000 after purchasing an additional 3,774 shares in the last quarter. HighTower Advisors LLC grew its position in Amphenol by 8.6% during the fourth quarter. HighTower Advisors LLC now owns 237,920 shares of the electronics maker’s stock valued at $16,524,000 after buying an additional 18,939 shares during the period. Inspire Advisors LLC increased its holdings in Amphenol by 4.3% in the fourth quarter. Inspire Advisors LLC now owns 11,086 shares of the electronics maker’s stock valued at $770,000 after buying an additional 458 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in shares of Amphenol by 24.5% in the fourth quarter. Citizens Financial Group Inc. RI now owns 15,231 shares of the electronics maker’s stock worth $1,058,000 after acquiring an additional 2,995 shares during the period. Finally, Sage Mountain Advisors LLC grew its position in shares of Amphenol by 146.6% during the 4th quarter. Sage Mountain Advisors LLC now owns 10,770 shares of the electronics maker’s stock valued at $748,000 after acquiring an additional 6,403 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Up 2.4 %

Shares of NYSE:APH opened at $63.08 on Friday. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. The stock has a market cap of $76.39 billion, a P/E ratio of 32.94, a PEG ratio of 1.92 and a beta of 1.25. The business has a fifty day moving average of $68.57 and a two-hundred day moving average of $68.53. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last released its quarterly earnings data 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. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol’s revenue was up 29.8% compared to the same quarter last year. During the same period last year, the business earned $0.82 earnings per share. On average, research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

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 yield of 1.05%. Amphenol’s payout ratio is 34.55%.

Analyst Ratings Changes

A number of research firms recently weighed in on APH. Truist Financial upped their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird increased their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Citigroup lifted their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Bank of America increased their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.