Elk River Wealth Management LLC Has $7.79 Million Stock Position in Amphenol Co. (NYSE:APH)

Elk River Wealth Management LLC cut its stake in shares of Amphenol Co. (NYSE:APH) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 111,963 shares of the electronics maker’s stock after selling 412 shares during the period. Amphenol accounts for about 1.4% of Elk River Wealth Management LLC’s investment portfolio, making the stock its 20th biggest holding. Elk River Wealth Management LLC’s holdings in Amphenol were worth $7,794,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of APH. Princeton Global Asset Management LLC increased its position in Amphenol by 0.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock worth $1,634,000 after buying an additional 136 shares during the period. WASHINGTON TRUST Co grew its stake in shares of Amphenol by 23.0% in the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock valued at $55,000 after acquiring an additional 147 shares in the last quarter. Fortitude Family Office LLC increased its position in Amphenol by 13.9% during the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock worth $84,000 after acquiring an additional 158 shares during the period. Brown Brothers Harriman & Co. raised 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 worth $32,000 after purchasing an additional 166 shares in the last quarter. Finally, Fragasso Financial Advisors Inc grew its position in shares of Amphenol by 4.7% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock worth $266,000 after purchasing an additional 171 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on APH. Robert W. Baird lifted their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Citigroup upped their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. The Goldman Sachs Group raised their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Evercore ISI upped their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, TD Cowen raised their target price on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Stock Up 0.9 %

APH stock opened at $69.67 on Thursday. The stock has a market capitalization of $84.37 billion, a P/E ratio of 36.38, a price-to-earnings-growth ratio of 1.96 and a beta of 1.23. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $70.94 and a 200-day moving average price of $68.55. Amphenol Co. has a 12 month low of $52.06 and a 12 month 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 for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter last year, the business posted $0.82 earnings per share. As a group, equities research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 0.95%. Amphenol’s dividend payout ratio 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.