Cabot Wealth Management Inc. Acquires 8,504 Shares of Amphenol Co. (NYSE:APH)

Cabot Wealth Management Inc. raised its holdings in Amphenol Co. (NYSE:APH) by 6.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 132,615 shares of the electronics maker’s stock after buying an additional 8,504 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Amphenol were worth $9,210,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of APH. Sierra Ocean LLC bought a new position in Amphenol during the fourth quarter worth $28,000. Brown Brothers Harriman & Co. increased its holdings 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 worth $32,000 after purchasing an additional 166 shares during the period. Continuum Advisory LLC increased its holdings in shares of Amphenol by 89.3% during the 3rd 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 acquired a new position in shares of Amphenol during the fourth quarter valued at about $32,000. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of Amphenol in the fourth quarter valued at about $49,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Performance

NYSE:APH opened at $67.58 on Friday. The stock has a market capitalization of $81.84 billion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23. Amphenol Co. has a 1 year low of $52.89 and a 1 year high of $79.39. The firm has a 50 day moving average of $70.73 and a 200-day moving average of $68.68. 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 (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $0.82 earnings per share. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have commented on APH. Robert W. Baird upped their price target on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial boosted their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Citigroup upped their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. 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 data from MarketBeat, Amphenol 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.