Summit Financial LLC Decreases Holdings in Amphenol Co. (NYSE:APH)

Summit Financial LLC reduced its position in Amphenol Co. (NYSE:APH) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,120 shares of the electronics maker’s stock after selling 187 shares during the quarter. Summit Financial LLC’s holdings in Amphenol were worth $705,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in APH. Wellington Management Group LLP increased its position in Amphenol by 619.9% during the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock valued at $487,130,000 after buying an additional 6,039,845 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Amphenol by 23.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 134,379 shares of the electronics maker’s stock worth $9,333,000 after purchasing an additional 25,608 shares during the last quarter. IPG Investment Advisors LLC acquired a new stake in Amphenol during the 4th quarter valued at approximately $1,489,000. RWA Wealth Partners LLC lifted its position in Amphenol by 9.8% during the fourth quarter. RWA Wealth Partners LLC now owns 20,217 shares of the electronics maker’s stock valued at $1,404,000 after purchasing an additional 1,798 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of Amphenol by 8.5% during the 4th quarter. Schroder Investment Management Group now owns 1,949,846 shares of the electronics maker’s stock valued at $135,417,000 after buying an additional 152,306 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Citigroup raised their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. The Goldman Sachs Group lifted their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Truist Financial raised their price target 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. 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. Finally, Robert W. Baird raised 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. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Stock Up 2.9 %

Shares of APH opened at $67.96 on Thursday. The stock has a 50 day moving average price of $67.45 and a 200 day moving average price of $68.85. Amphenol Co. has a one year low of $54.72 and a one year 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 stock has a market capitalization of $82.35 billion, a price-to-earnings ratio of 35.49, a PEG ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 15.92% and a return on equity of 25.67%. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Equities research analysts forecast that Amphenol Co. will post 2.36 earnings per share 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 issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio is currently 34.55%.

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.