400 Shares in Amphenol Co. (NYSE:APH) Acquired by Rialto Wealth Management LLC

Rialto Wealth Management LLC purchased a new position in shares of Amphenol Co. (NYSE:APH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 400 shares of the electronics maker’s stock, valued at approximately $28,000.

Other large investors also recently modified their holdings of the company. Tacita Capital Inc grew its stake in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Amphenol during the 4th quarter worth about $28,000. Hanson & Doremus Investment Management acquired a new position in shares of Amphenol during the 4th quarter worth about $32,000. Continuum Advisory LLC increased its holdings in shares of Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 234 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Shares of APH stock opened at $62.99 on Monday. The stock’s 50-day moving average price is $69.31 and its 200 day moving average price is $68.71. 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 stock has a market capitalization of $76.28 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 52-week low of $54.27 and a 52-week high of $79.39.

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, beating analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, equities research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on APH. Bank of America upped their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Truist Financial upped their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted 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. The Goldman Sachs Group upped their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Citigroup lifted their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.68.

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.