Amphenol Co. (NYSE:APH) Position Lessened by WESPAC Advisors LLC

WESPAC Advisors LLC decreased its stake in Amphenol Co. (NYSE:APH) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,797 shares of the electronics maker’s stock after selling 628 shares during the period. WESPAC Advisors LLC’s holdings in Amphenol were worth $542,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Sierra Ocean LLC bought a new stake in Amphenol during the 4th quarter valued at $28,000. Hanson & Doremus Investment Management bought a new stake in Amphenol during the 4th quarter valued at $32,000. Continuum Advisory LLC raised its stake in Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 234 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares in the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in Amphenol during the 4th quarter valued at $49,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of NYSE APH opened at $67.58 on Friday. 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 stock has a market capitalization of $81.84 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.97 and a beta of 1.23. The stock’s fifty day simple moving average is $70.73 and its 200 day simple moving average is $68.68. Amphenol Co. has a 52-week low of $52.89 and a 52-week high of $79.39.

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

Amphenol Announces Dividend

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 0.98%. Amphenol’s dividend payout ratio is 34.46%.

Wall Street Analysts Forecast Growth

APH has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Bank of America boosted their price objective 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 boosted their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note 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 research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $80.68.

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.