Adell Harriman & Carpenter Inc. Makes New Investment in Amphenol Co. (NYSE:APH)

Adell Harriman & Carpenter Inc. purchased a new stake in shares of Amphenol Co. (NYSE:APH) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,793 shares of the electronics maker’s stock, valued at approximately $402,000.

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

Amphenol Price Performance

Shares of Amphenol stock opened at $68.88 on Friday. 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 Co. has a 12 month low of $52.06 and a 12 month high of $79.39. The stock has a 50 day moving average of $71.29 and a 200 day moving average of $68.31. The firm has a market cap of $83.42 billion, a PE ratio of 35.97, a PEG ratio of 1.99 and a beta of 1.23.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates 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 period last year, the firm posted $0.82 earnings per share. On average, research analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is 34.55%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on APH. The Goldman Sachs Group raised their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Robert W. Baird lifted their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Truist Financial raised their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, TD Cowen raised their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

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.