Fortress Financial Solutions LLC Purchases Shares of 5,983 Amphenol Co. (NYSE:APH)

Fortress Financial Solutions LLC acquired a new position in shares of Amphenol Co. (NYSE:APH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,983 shares of the electronics maker’s stock, valued at approximately $416,000.

Other large investors also recently made changes to their positions in the company. Valeo Financial Advisors LLC grew its stake in Amphenol by 12.0% in the third quarter. Valeo Financial Advisors LLC now owns 8,104 shares of the electronics maker’s stock valued at $528,000 after acquiring an additional 866 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Amphenol by 49.3% in the 3rd quarter. Ritholtz Wealth Management now owns 6,422 shares of the electronics maker’s stock worth $418,000 after purchasing an additional 2,120 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Amphenol by 56.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 32,579 shares of the electronics maker’s stock valued at $2,123,000 after purchasing an additional 11,730 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in Amphenol by 9.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 12,053 shares of the electronics maker’s stock valued at $785,000 after purchasing an additional 1,077 shares in the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in Amphenol during the third quarter worth $81,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. 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 report 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 report on Thursday, January 23rd. Truist Financial increased 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. Citigroup lifted 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. Finally, The Goldman Sachs Group increased their price target on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Five research 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Stock Down 2.6 %

APH stock opened at $69.95 on Wednesday. The stock has a market cap of $84.33 billion, a P/E ratio of 36.52, a P/E/G ratio of 1.99 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 stock’s fifty day simple moving average is $71.55 and its two-hundred day simple moving average is $68.25. Amphenol Co. has a 1-year low of $51.13 and a 1-year high of $79.39.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the firm earned $0.82 EPS. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. Analysts expect 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. Investors of record on Tuesday, March 18th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.94%. 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.