17,642 Shares in Amphenol Co. (NYSE:APH) Purchased by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC acquired a new stake in shares of Amphenol Co. (NYSE:APH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,642 shares of the electronics maker’s stock, valued at approximately $1,225,000.

Several other institutional investors have also modified their holdings of the stock. Tacita Capital Inc raised its holdings in Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after buying an additional 296 shares during the period. Sierra Ocean LLC bought a new position in Amphenol during the fourth quarter valued at $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol in the fourth quarter valued at $28,000. Rakuten Securities Inc. lifted its holdings in shares of Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in Amphenol during the 4th quarter valued at about $32,000. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Up 0.6 %

Shares of Amphenol stock opened at $65.13 on Friday. Amphenol Co. has a 1 year low of $54.72 and a 1 year high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock has a market cap of $78.93 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.92 and a beta of 1.17. The firm’s 50-day moving average is $65.49 and its two-hundred day moving average is $68.67.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The company 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%. Amphenol’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 earnings per share. As a group, research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were paid a $0.165 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.01%. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on APH shares. Citigroup decreased their price objective on shares of Amphenol from $89.00 to $75.00 and set a “buy” rating for the company in a research note on Monday. Truist Financial raised their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Bank of America upped their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. UBS Group lowered their target price on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, Robert W. Baird raised 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. Four research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $79.40.

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.