HighTower Advisors LLC Grows Position in Amphenol Co. (NYSE:APH)

HighTower Advisors LLC lifted its holdings in shares of Amphenol Co. (NYSE:APH) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,920 shares of the electronics maker’s stock after buying an additional 18,939 shares during the period. HighTower Advisors LLC’s holdings in Amphenol were worth $16,524,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of APH. Tacita Capital Inc boosted its position in shares of 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 buying an additional 296 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Amphenol during the 4th quarter valued at about $28,000. Rialto Wealth Management LLC bought a new stake in shares of Amphenol during the 4th quarter valued at about $28,000. Brown Brothers Harriman & Co. grew its stake in shares of 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 purchasing an additional 166 shares during the period. Finally, Continuum Advisory LLC grew its stake in shares of Amphenol by 89.3% during 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 during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Up 2.4 %

NYSE APH opened at $63.08 on Friday. The stock’s 50 day moving average is $68.57 and its 200 day moving average is $68.53. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 12 month low of $54.72 and a 12 month high of $79.39. The stock has a market cap of $76.39 billion, a PE ratio of 32.94, a P/E/G ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last posted its quarterly earnings results 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 return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the firm earned $0.82 EPS. The firm’s revenue was up 29.8% compared to the same quarter last year. Research analysts predict that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

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 paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is 34.55%.

Wall Street Analysts Forecast Growth

APH has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price target on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Truist Financial boosted their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Robert W. Baird boosted their price target on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Citigroup lifted their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, Bank of America lifted their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $80.68.

About Amphenol

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.