Amphenol Co. (NYSE:APH) Stake Increased by Convergence Investment Partners LLC

Convergence Investment Partners LLC increased its stake in Amphenol Co. (NYSE:APH) by 243.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,852 shares of the electronics maker’s stock after buying an additional 7,690 shares during the period. Convergence Investment Partners LLC’s holdings in Amphenol were worth $754,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of APH. Sierra Ocean LLC bought a new stake in shares of Amphenol in the 4th quarter worth about $28,000. Brown Brothers Harriman & Co. increased its holdings in Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after buying an additional 166 shares during the last quarter. Continuum Advisory LLC increased its holdings in Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares during the last quarter. Hanson & Doremus Investment Management bought a new stake in shares of Amphenol in the 4th quarter valued at approximately $32,000. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of Amphenol in the 4th quarter valued at approximately $49,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

APH opened at $69.67 on Thursday. The stock has a fifty day moving average of $70.94 and a 200-day moving average of $68.55. The firm has a market capitalization of $84.37 billion, a P/E ratio of 36.38, a PEG ratio of 1.96 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 $52.06 and a 12-month high of $79.39.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS. Equities analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business 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 of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. Amphenol’s payout ratio is 34.46%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on APH shares. Evercore ISI boosted their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Citigroup boosted their price objective on shares of 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 upped their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Truist Financial upped their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

About Amphenol

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.