Mission Wealth Management LP Sells 255 Shares of Amphenol Co. (NYSE:APH)

Mission Wealth Management LP reduced its position in Amphenol Co. (NYSE:APH) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,472 shares of the electronics maker’s stock after selling 255 shares during the quarter. Mission Wealth Management LP’s holdings in Amphenol were worth $1,422,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of APH. Sierra Ocean LLC bought a new position in Amphenol in the 4th quarter worth about $28,000. Brown Brothers Harriman & Co. grew its stake in Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after buying an additional 166 shares in the last quarter. Continuum Advisory LLC grew its position in Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 234 shares in the last quarter. Hanson & Doremus Investment Management bought a new position in shares of Amphenol during the 4th quarter valued at about $32,000. Finally, Endeavor Private Wealth Inc. purchased a new position in shares of Amphenol during the 4th quarter valued at about $49,000. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on APH shares. Citigroup upped their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Robert W. Baird lifted 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. Bank of America upped their price target 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. Finally, The Goldman Sachs Group lifted their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Performance

Amphenol stock opened at $63.25 on Tuesday. Amphenol Co. has a 1-year low of $54.27 and a 1-year high of $79.39. The firm has a market cap of $76.60 billion, a P/E ratio of 33.03, a P/E/G ratio of 1.92 and a beta of 1.23. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average of $69.97 and a 200-day moving average of $68.81.

Amphenol (NYSE:APH) last released its quarterly earnings data 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 analysts’ expectations of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s revenue was up 29.8% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. Sell-side analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.04%. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

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.