PAX Financial Group LLC Has $690,000 Stock Position in Amphenol Co. (NYSE:APH)

PAX Financial Group LLC boosted its stake in Amphenol Co. (NYSE:APH) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,936 shares of the electronics maker’s stock after purchasing an additional 1,392 shares during the quarter. PAX Financial Group LLC’s holdings in Amphenol were worth $690,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of APH. Tacita Capital Inc boosted its holdings in shares of Amphenol by 328.9% in the 4th 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 stake in Amphenol in the fourth quarter valued at about $28,000. Rialto Wealth Management LLC acquired a new position in Amphenol during the fourth quarter worth about $28,000. Rakuten Securities Inc. lifted its holdings in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 366 shares during the last quarter. Finally, Continuum Advisory LLC boosted its stake in shares of Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Down 5.6 %

Amphenol stock opened at $59.14 on Friday. The firm has a market cap of $71.67 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. 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 has a 50 day moving average price of $66.77 and a two-hundred day moving average price of $68.78.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm earned $0.82 earnings per share. Amphenol’s quarterly revenue was up 29.8% on a year-over-year basis. Equities analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid 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 yield of 1.12%. Amphenol’s dividend payout ratio is currently 34.55%.

Wall Street Analysts Forecast Growth

APH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research 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. Truist Financial raised their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report 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 report on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five investment 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 stock. According to MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol 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.