Silver Oak Securities Incorporated Raises Stock Holdings in Amphenol Co. (NYSE:APH)

Silver Oak Securities Incorporated boosted its position in Amphenol Co. (NYSE:APH) by 65.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,062 shares of the electronics maker’s stock after purchasing an additional 5,163 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Amphenol were worth $908,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Trifecta Capital Advisors LLC raised its stake in shares of Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 338 shares in the last quarter. Brown Brothers Harriman & Co. grew 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 worth $32,000 after purchasing an additional 166 shares during the last quarter. Continuum Advisory LLC increased its position in shares of Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 234 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol during the 4th quarter valued at $32,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in shares of Amphenol in the 4th quarter worth $49,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Bank of America increased their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Robert W. Baird boosted their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Evercore ISI raised their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, TD Cowen boosted their price objective 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 analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Price Performance

NYSE:APH opened at $69.97 on Friday. The company has a 50 day moving average price of $71.69 and a 200-day moving average price of $68.09. Amphenol Co. has a 1-year low of $51.13 and a 1-year high of $79.39. The firm has a market cap of $84.36 billion, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH) last issued its quarterly earnings data 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 business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The company’s revenue was up 29.8% compared to the same quarter last year. Equities research analysts forecast that Amphenol Co. will post 2.26 EPS for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders 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 dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

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.