Kesler Norman & Wride LLC Purchases 11,284 Shares of Amphenol Co. (NYSE:APH)

Kesler Norman & Wride LLC boosted its position in shares of Amphenol Co. (NYSE:APH) by 152.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,705 shares of the electronics maker’s stock after buying an additional 11,284 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Amphenol were worth $1,299,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Amphenol by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock valued at $10,565,279,000 after acquiring an additional 2,108,578 shares during the last quarter. State Street Corp increased its holdings in Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after purchasing an additional 1,537,880 shares during the period. Geode Capital Management LLC raised its position in Amphenol by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock valued at $1,754,672,000 after purchasing an additional 659,560 shares during the last quarter. Norges Bank purchased a new stake in Amphenol in the 4th quarter worth approximately $1,378,794,000. Finally, Wellington Management Group LLP grew its position in shares of Amphenol by 619.9% in the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock worth $487,130,000 after buying an additional 6,039,845 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of NYSE:APH opened at $65.96 on Wednesday. The company has a market capitalization of $79.93 billion, a PE ratio of 34.45, a PEG ratio of 1.92 and a beta of 1.25. The business has a fifty day moving average price of $67.65 and a 200-day moving average price of $68.86. Amphenol Co. has a 1-year low of $54.72 and a 1-year high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, equities analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced 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 dividend yield of 1.00%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is 34.55%.

Analyst Upgrades and Downgrades

APH has been the subject of a number of research analyst reports. Robert W. Baird raised their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Bank of America boosted their price target 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 raised their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Citigroup upped 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. Five 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.