Fortress Financial Solutions LLC Acquires New Position in Amphenol Co. (NYSE:APH)

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

Other large investors have also recently 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 valued at $28,000 after purchasing an additional 338 shares during the period. Brown Brothers Harriman & Co. grew its holdings in Amphenol by 50.0% during the 3rd 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 in 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 valued at $32,000 after buying an additional 234 shares during the period. Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol in the fourth quarter worth about $32,000. Finally, Endeavor Private Wealth Inc. bought a new position in shares of Amphenol in the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of NYSE APH opened at $69.95 on Wednesday. The stock’s 50-day moving average is $71.55 and its 200 day moving average is $68.25. The stock has a market cap of $84.33 billion, a price-to-earnings ratio of 36.52, a P/E/G ratio of 1.99 and a beta of 1.23. Amphenol Co. has a 1-year low of $51.13 and a 1-year high of $79.39. 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 (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. On average, sell-side analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company 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 dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.94%. Amphenol’s payout ratio is currently 34.46%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. TD Cowen upped their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Truist Financial boosted their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Citigroup raised their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Five 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. According to data from MarketBeat.com, the stock presently 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.