Longbow Finance SA Acquires 4,691 Shares of Amphenol Co. (NYSE:APH)

Longbow Finance SA increased its holdings in Amphenol Co. (NYSE:APH) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,043 shares of the electronics maker’s stock after purchasing an additional 4,691 shares during the period. Longbow Finance SA’s holdings in Amphenol were worth $6,879,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of APH. Sierra Ocean LLC bought a new stake in Amphenol in the fourth quarter worth $28,000. Brown Brothers Harriman & Co. increased its position in Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares during the last quarter. Continuum Advisory LLC increased its position in 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 last quarter. Hanson & Doremus Investment Management bought a new position in Amphenol during the fourth quarter valued at $32,000. Finally, Endeavor Private Wealth Inc. bought a new position in Amphenol during the fourth quarter valued at $49,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

APH opened at $67.14 on Tuesday. Amphenol Co. has a 52-week low of $53.67 and a 52-week high of $79.39. The firm’s 50-day moving average price is $70.57 and its 200-day moving average price is $68.77. 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 company has a market cap of $81.31 billion, a P/E ratio of 35.06, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS 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 for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the company earned $0.82 EPS. The business’s revenue was up 29.8% on a year-over-year basis. As a group, equities analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.98%. Amphenol’s payout ratio is currently 34.46%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Robert W. Baird boosted their price objective 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. Bank of America boosted their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Truist Financial boosted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Citigroup boosted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group boosted their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.