Bank of Montreal Can Purchases 32,776 Shares of Amphenol Co. (NYSE:APH)

Bank of Montreal Can increased its position in Amphenol Co. (NYSE:APH) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,332,775 shares of the electronics maker’s stock after purchasing an additional 32,776 shares during the quarter. Bank of Montreal Can’s holdings in Amphenol were worth $162,011,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew its position in shares of Amphenol by 8.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 10,342 shares of the electronics maker’s stock worth $674,000 after buying an additional 811 shares during the period. IHT Wealth Management LLC boosted its stake in Amphenol by 66.9% during the third quarter. IHT Wealth Management LLC now owns 5,314 shares of the electronics maker’s stock worth $343,000 after acquiring an additional 2,130 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in Amphenol by 176.9% in the third quarter. EP Wealth Advisors LLC now owns 11,089 shares of the electronics maker’s stock worth $723,000 after purchasing an additional 7,084 shares during the period. Zacks Investment Management bought a new position in shares of Amphenol during the third quarter valued at approximately $4,907,000. Finally, MML Investors Services LLC lifted its holdings in shares of Amphenol by 14.8% during the third quarter. MML Investors Services LLC now owns 117,884 shares of the electronics maker’s stock valued at $7,681,000 after purchasing an additional 15,229 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Up 2.9 %

Shares of Amphenol stock opened at $60.79 on Tuesday. Amphenol Co. has a twelve month low of $54.72 and a twelve month high of $79.39. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average is $66.64 and its 200 day moving average is $68.82. The company has a market cap of $73.66 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the firm earned $0.82 EPS. The company’s revenue was up 29.8% compared to the same quarter last year. Research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is currently 34.55%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. 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 upped their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Bank of America raised their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Five 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Company 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.