Prairie Wealth Advisors Inc. Buys New Position in Amphenol Co. (NYSE:APH)

Prairie Wealth Advisors Inc. purchased a new position in shares of Amphenol Co. (NYSE:APH) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 3,200 shares of the electronics maker’s stock, valued at approximately $223,000.

Several other large investors have also modified their holdings of APH. Trifecta Capital Advisors LLC raised its position in Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 338 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after buying an additional 166 shares during the last quarter. Continuum Advisory LLC boosted its stake in shares of Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after buying an additional 234 shares during the period. Hanson & Doremus Investment Management acquired a new position in Amphenol in the 4th quarter valued at about $32,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in Amphenol during the 4th quarter worth approximately $49,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APH has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Evercore ISI lifted their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Robert W. Baird increased their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Citigroup lifted their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Finally, 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. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Trading Up 0.7 %

Shares of APH opened at $69.97 on Friday. The company has a market capitalization of $84.36 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a fifty-two week low of $51.13 and a fifty-two week high of $79.39. The stock has a fifty day moving average of $71.69 and a two-hundred day moving average of $68.09.

Amphenol (NYSE:APH) last released 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. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm posted $0.82 EPS. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. As a group, analysts forecast that Amphenol Co. will post 2.26 EPS for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is 34.46%.

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.