Sierra Ocean LLC Buys New Holdings in Amphenol Co. (NYSE:APH)

Sierra Ocean LLC bought a new stake in shares of Amphenol Co. (NYSE:APH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 396 shares of the electronics maker’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APH. Princeton Global Asset Management LLC boosted its holdings in Amphenol by 0.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock valued at $1,634,000 after acquiring an additional 136 shares during the period. WASHINGTON TRUST Co boosted its holdings in Amphenol by 23.0% during the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock valued at $55,000 after acquiring an additional 147 shares during the period. Fortitude Family Office LLC boosted its holdings in Amphenol by 13.9% during the 3rd quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock valued at $84,000 after acquiring an additional 158 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares during the period. Finally, Fragasso Financial Advisors Inc boosted its holdings in Amphenol by 4.7% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after acquiring an additional 171 shares during the period. Institutional investors own 97.01% of the company’s stock.

Amphenol Trading Up 0.1 %

APH opened at $68.95 on Wednesday. The firm has a market cap of $83.13 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 1.99 and a beta of 1.23. 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 Co. has a 12 month low of $52.06 and a 12 month high of $79.39. The stock has a fifty day moving average price of $71.09 and a 200-day moving average price of $68.47.

Amphenol (NYSE:APH) last released its quarterly 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 firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup boosted their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Truist Financial lifted their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird lifted 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. The Goldman Sachs Group lifted their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Bank of America lifted their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.