Amphenol Co. (NYSE:APH) Shares Bought by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC grew its holdings in Amphenol Co. (NYSE:APH) by 19.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 579,335 shares of the electronics maker’s stock after buying an additional 93,191 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Amphenol were worth $40,235,000 as of its most recent filing with the Securities & Exchange Commission.

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

Amphenol Stock Performance

NYSE APH opened at $76.13 on Friday. 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 company has a market cap of $92.25 billion, a P/E ratio of 39.75, a P/E/G ratio of 1.92 and a beta of 1.17. The stock has a 50-day moving average of $65.39 and a two-hundred day moving average of $68.87. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $79.39.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the prior year, the firm earned $0.40 EPS. As a group, analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.87%. Amphenol’s payout ratio is 34.55%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on APH. JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday. Truist Financial increased their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Citigroup upped their price objective on Amphenol from $75.00 to $85.00 and gave the company a “buy” rating in a report on Thursday. Bank of America raised their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Finally, UBS Group reaffirmed a “buy” rating and issued a $85.00 price target (up previously from $78.00) on shares of Amphenol in a research note on Thursday. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average price target of $82.58.

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.