Empirical Finance LLC Has $2.81 Million Stock Holdings in Amphenol Co. (NYSE:APH)

Empirical Finance LLC lowered its stake in shares of Amphenol Co. (NYSE:APH) by 1.3% during the fourth quarter, HoldingsChannel reports. The firm owned 40,486 shares of the electronics maker’s stock after selling 521 shares during the quarter. Empirical Finance LLC’s holdings in Amphenol were worth $2,812,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dynamic Advisor Solutions LLC raised its holdings in shares of Amphenol by 28.1% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 13,167 shares of the electronics maker’s stock valued at $858,000 after purchasing an additional 2,892 shares during the period. Perpetual Ltd raised its stake in Amphenol by 5.1% in the 3rd quarter. Perpetual Ltd now owns 11,324 shares of the electronics maker’s stock valued at $738,000 after acquiring an additional 545 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Amphenol by 389.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 8,548 shares of the electronics maker’s stock valued at $558,000 after purchasing an additional 6,800 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in Amphenol by 12.0% during the third quarter. Valeo Financial Advisors LLC now owns 8,104 shares of the electronics maker’s stock worth $528,000 after purchasing an additional 866 shares during the period. Finally, Asio Capital LLC lifted its stake in shares of Amphenol by 5.8% during the 3rd quarter. Asio Capital LLC now owns 40,308 shares of the electronics maker’s stock worth $2,626,000 after buying an additional 2,207 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

APH has been the topic of several research reports. Bank of America increased their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Truist Financial raised their price target 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. The Goldman Sachs Group raised their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, Evercore ISI increased their target price on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Performance

Amphenol stock opened at $69.81 on Friday. The stock has a market cap of $84.16 billion, a PE ratio of 36.45, a P/E/G ratio of 1.99 and a beta of 1.23. 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 Co. has a 12-month low of $51.13 and a 12-month high of $79.39. The business’s 50-day moving average price is $71.57 and its two-hundred day moving average price is $68.12.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 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 firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the company earned $0.82 earnings per share. The business’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders 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 dividend yield of 0.95%. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

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.