Ethos Financial Group LLC Purchases New Holdings in Amphenol Co. (NYSE:APH)

Ethos Financial Group LLC purchased a new stake in Amphenol Co. (NYSE:APH) in the 4th quarter, HoldingsChannel reports. The fund purchased 2,405 shares of the electronics maker’s stock, valued at approximately $167,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Inceptionr LLC increased its stake in Amphenol by 37.5% in the 4th quarter. Inceptionr LLC now owns 17,783 shares of the electronics maker’s stock valued at $1,235,000 after buying an additional 4,854 shares during the period. Raymond James Financial Inc. acquired a new position in Amphenol in the 4th quarter valued at approximately $109,276,000. Promus Capital LLC acquired a new position in Amphenol in the 4th quarter valued at approximately $71,000. Arizona State Retirement System increased its stake in Amphenol by 0.8% in the 4th quarter. Arizona State Retirement System now owns 347,099 shares of the electronics maker’s stock valued at $24,106,000 after buying an additional 2,684 shares during the period. Finally, Aigen Investment Management LP increased its stake in Amphenol by 25.4% in the 4th quarter. Aigen Investment Management LP now owns 45,277 shares of the electronics maker’s stock valued at $3,144,000 after buying an additional 9,177 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

APH has been the topic of several research reports. Citigroup upped their price objective 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. Truist Financial increased their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group increased their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Bank of America increased their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Stock Performance

NYSE:APH opened at $61.67 on Friday. Amphenol Co. has a 1 year low of $54.27 and a 1 year high of $79.39. The firm’s fifty day simple moving average is $69.46 and its 200 day simple moving average is $68.71. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $74.69 billion, a PE ratio of 32.20, a PEG ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $4.05 billion. During the same period last year, the business posted $0.82 EPS. Amphenol’s revenue was up 29.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared 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. This represents a $0.66 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 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.