Portfolio Design Labs LLC Purchases 17,577 Shares of Amphenol Co. (NYSE:APH)

Portfolio Design Labs LLC lifted its position in shares of Amphenol Co. (NYSE:APH) by 20.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 103,215 shares of the electronics maker’s stock after buying an additional 17,577 shares during the quarter. Amphenol accounts for about 1.5% of Portfolio Design Labs LLC’s holdings, making the stock its 11th biggest position. Portfolio Design Labs LLC’s holdings in Amphenol were worth $7,168,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Valeo Financial Advisors LLC raised its position in Amphenol by 12.0% during the 3rd quarter. Valeo Financial Advisors LLC now owns 8,104 shares of the electronics maker’s stock worth $528,000 after purchasing an additional 866 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Amphenol by 49.3% in the third quarter. Ritholtz Wealth Management now owns 6,422 shares of the electronics maker’s stock valued at $418,000 after buying an additional 2,120 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Amphenol by 56.3% in the third quarter. Exchange Traded Concepts LLC now owns 32,579 shares of the electronics maker’s stock valued at $2,123,000 after acquiring an additional 11,730 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Amphenol by 9.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 12,053 shares of the electronics maker’s stock valued at $785,000 after purchasing an additional 1,077 shares during the period. Finally, ORG Wealth Partners LLC bought a new position in Amphenol during the 3rd quarter worth approximately $81,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of NYSE:APH opened at $69.95 on Wednesday. The stock’s 50 day moving average is $71.55 and its 200-day moving average is $68.25. Amphenol Co. has a twelve month low of $51.13 and a twelve month high of $79.39. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $84.33 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 1.99 and a beta of 1.23.

Amphenol (NYSE:APH) last posted 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. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. Sell-side analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

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 issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio is 34.46%.

Analyst Upgrades and Downgrades

APH has been the topic of a number of analyst reports. Evercore ISI upped their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen increased their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Robert W. Baird boosted their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Truist Financial raised their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, 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. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, 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.