Kesler Norman & Wride LLC Purchases 11,284 Shares of Amphenol Co. (NYSE:APH)

Kesler Norman & Wride LLC increased its position in Amphenol Co. (NYSE:APH) by 152.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,705 shares of the electronics maker’s stock after acquiring an additional 11,284 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Amphenol were worth $1,299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APH. Blue Trust Inc. raised its position in shares of Amphenol by 208.8% in the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock valued at $1,765,000 after purchasing an additional 18,322 shares during the period. Spire Wealth Management grew its stake in Amphenol by 34.1% in the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock valued at $6,836,000 after buying an additional 25,007 shares in the last quarter. Consolidated Planning Corp raised its holdings in Amphenol by 37.0% during the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker’s stock valued at $1,192,000 after acquiring an additional 4,631 shares during the period. Pines Wealth Management LLC bought a new stake in Amphenol during the 4th quarter valued at $553,000. Finally, Kanawha Capital Management LLC lifted its position in shares of Amphenol by 4.5% during the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker’s stock worth $10,547,000 after acquiring an additional 6,481 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APH has been the topic of a number of analyst reports. Bank of America boosted their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group upped their price target on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective 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. Truist Financial upped their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Robert W. Baird boosted their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Trading Up 0.6 %

Shares of APH stock opened at $65.96 on Wednesday. The business has a 50-day moving average price of $67.65 and a two-hundred day moving average price of $68.86. Amphenol Co. has a 12-month low of $54.72 and a 12-month high of $79.39. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The firm has a market cap of $79.93 billion, a P/E ratio of 34.45, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (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 analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Equities analysts anticipate 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. Shareholders of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.00%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio is presently 34.55%.

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.