Promus Capital LLC Makes New Investment in Amphenol Co. (NYSE:APH)

Promus Capital LLC acquired a new stake in shares of Amphenol Co. (NYSE:APH) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,028 shares of the electronics maker’s stock, valued at approximately $71,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tacita Capital Inc lifted its holdings in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 296 shares during the period. Sierra Ocean LLC bought a new position in shares of Amphenol during the fourth quarter valued at $28,000. Hanson & Doremus Investment Management bought a new position in shares of Amphenol during the fourth quarter valued at $32,000. Continuum Advisory LLC lifted its holdings 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 acquiring an additional 234 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares during the period. 97.01% of the stock is owned by institutional investors.

Amphenol Price Performance

Amphenol stock opened at $64.66 on Thursday. The firm has a market capitalization of $78.31 billion, a P/E ratio of 33.77, a PEG ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 1 year low of $54.27 and a 1 year high of $79.39. The business has a 50-day moving average of $69.66 and a 200-day moving average of $68.76. 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 earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. On average, equities analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.02%. Amphenol’s dividend payout ratio is presently 34.55%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Bank of America lifted their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Truist Financial lifted 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 lifted 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. Citigroup lifted 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. Finally, The Goldman Sachs Group lifted their price target on Amphenol from $79.00 to $89.00 and gave the company a “buy” 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.