Kestra Private Wealth Services LLC Grows Stake in Amphenol Co. (NYSE:APH)

Kestra Private Wealth Services LLC increased its holdings in shares of Amphenol Co. (NYSE:APH) by 8.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 29,095 shares of the electronics maker’s stock after acquiring an additional 2,330 shares during the period. Kestra Private Wealth Services LLC’s holdings in Amphenol were worth $2,021,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in APH. Blue Trust Inc. grew its holdings in Amphenol by 208.8% during the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock valued at $1,765,000 after buying an additional 18,322 shares in the last quarter. Spire Wealth Management grew its holdings in Amphenol by 34.1% during the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock valued at $6,836,000 after buying an additional 25,007 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Amphenol by 50.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock valued at $17,477,000 after buying an additional 90,450 shares in the last quarter. LMR Partners LLP grew its holdings 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 buying an additional 223,784 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings 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 buying an additional 19,496 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of APH stock opened at $69.95 on Wednesday. Amphenol Co. has a 52-week low of $51.13 and a 52-week high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The firm has a market capitalization 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 stock has a 50 day moving average price of $71.55 and a 200 day moving average price of $68.25.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the company earned $0.82 EPS. Amphenol’s quarterly revenue was up 29.8% compared to the same quarter last year. As a group, sell-side analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on APH. Truist Financial raised their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird raised their price target on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Bank of America lifted 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. The Goldman Sachs Group lifted their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

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.