WealthBridge Capital Management LLC Boosts Stock Holdings in Amphenol Co. (NYSE:APH)

WealthBridge Capital Management LLC boosted its position in Amphenol Co. (NYSE:APH) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,422 shares of the electronics maker’s stock after purchasing an additional 1,127 shares during the period. WealthBridge Capital Management LLC’s holdings in Amphenol were worth $585,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC bought a new stake in Amphenol during the 4th quarter valued at $28,000. Brown Brothers Harriman & Co. raised its holdings in 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 period. Continuum Advisory LLC increased its holdings in shares of Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 234 shares during the period. Hanson & Doremus Investment Management bought a new position in shares of Amphenol in the fourth quarter worth $32,000. Finally, Endeavor Private Wealth Inc. bought a new position in shares of Amphenol in the fourth quarter worth $49,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on APH. Evercore ISI upped their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. 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. 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. TD Cowen increased their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Five 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 company’s stock. According to MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Performance

Shares of APH opened at $69.67 on Thursday. Amphenol Co. has a one year low of $52.06 and a one year high of $79.39. The company has a 50-day simple moving average of $70.94 and a two-hundred day simple moving average of $68.55. The firm has a market capitalization of $84.37 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 1.96 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH) last announced 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 business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 earnings per share. On average, analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared 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. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 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.