Whittier Trust Co. Has $17.84 Million Stake in Amphenol Co. (NYSE:APH)

Whittier Trust Co. raised its position in shares of Amphenol Co. (NYSE:APH) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,851 shares of the electronics maker’s stock after purchasing an additional 6,271 shares during the period. Whittier Trust Co.’s holdings in Amphenol were worth $17,838,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Tacita Capital Inc raised its position in 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 purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC acquired a new position in Amphenol during the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new position in Amphenol during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. increased its holdings in shares of 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 in the last quarter. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Amphenol during the fourth quarter worth $32,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Price Performance

Shares of NYSE APH opened at $67.53 on Thursday. Amphenol Co. has a fifty-two week low of $54.72 and a fifty-two week high of $79.39. The stock has a market cap of $81.79 billion, a price-to-earnings ratio of 35.27, a PEG ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The firm’s 50-day simple moving average is $68.19 and its 200 day simple moving average is $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. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the firm earned $0.82 EPS. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. As a group, research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.98%. Amphenol’s dividend payout ratio is currently 34.55%.

Analyst Ratings Changes

Several brokerages have recently issued reports on APH. Truist Financial upped their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Citigroup upped their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. The Goldman Sachs Group raised their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird increased their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

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.