Corient Private Wealth LLC Has $26.78 Million Holdings in Amphenol Co. (NYSE:APH)

Corient Private Wealth LLC grew its position in Amphenol Co. (NYSE:APH) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 385,600 shares of the electronics maker’s stock after purchasing an additional 29,329 shares during the period. Corient Private Wealth LLC’s holdings in Amphenol were worth $26,780,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Tacita Capital Inc increased its holdings in shares of Amphenol by 328.9% during 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 position in shares of Amphenol during the 4th quarter valued at about $28,000. Rialto Wealth Management LLC acquired a new position in shares of Amphenol during the 4th quarter valued at about $28,000. Rakuten Securities Inc. increased its holdings in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 366 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Amphenol by 50.0% during the 3rd 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 last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Price Performance

Amphenol stock opened at $63.90 on Wednesday. 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 capitalization of $77.38 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Amphenol Co. has a one year low of $54.72 and a one year high of $79.39. The business has a 50 day simple moving average of $68.28 and a 200 day simple moving average of $68.50.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS 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 the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s revenue was up 29.8% on a year-over-year basis. During the same quarter last year, the company earned $0.82 EPS. On average, sell-side analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.03%. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on APH. JPMorgan Chase & Co. increased their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Truist Financial increased their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Citigroup increased their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. The Goldman Sachs Group increased their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird increased their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note 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 company. According to MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target 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.