8,500 Shares in Amphenol Co. (NYSE:APH) Purchased by Redmond Asset Management LLC

Redmond Asset Management LLC purchased a new position in Amphenol Co. (NYSE:APH) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,500 shares of the electronics maker’s stock, valued at approximately $590,000.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Amphenol by 208.8% in the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock worth $1,765,000 after purchasing an additional 18,322 shares in the last quarter. Spire Wealth Management increased its stake in Amphenol by 34.1% in the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock worth $6,836,000 after purchasing an additional 25,007 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Amphenol by 50.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock worth $17,477,000 after purchasing an additional 90,450 shares in the last quarter. LMR Partners LLP grew its stake in Amphenol by 315.1% during the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock valued at $19,209,000 after acquiring an additional 223,784 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Amphenol by 22.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock valued at $6,966,000 after acquiring an additional 19,496 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Truist Financial lifted their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Bank of America boosted their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Citigroup upped their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, Robert W. Baird upped their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Performance

APH opened at $67.58 on Friday. The stock has a market cap of $81.84 billion, a PE ratio of 35.29, a P/E/G ratio of 1.97 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. Amphenol Co. has a 1 year low of $52.89 and a 1 year high of $79.39. The stock’s 50 day simple moving average is $70.73 and its 200-day simple moving average is $68.68.

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, beating analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 earnings per share. Sell-side analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared 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. This represents a $0.66 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is 34.46%.

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.