Amphenol Co. (NYSE:APH) Shares Bought by Oarsman Capital Inc.

by · The Cerbat Gem

Oarsman Capital Inc. raised its holdings in shares of Amphenol Co. (NYSE:APH – Free Report) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 35,916 shares of the electronics maker’s stock after buying an additional 737 shares during the quarter. Oarsman Capital Inc.’s holdings in Amphenol were worth $2,494,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in 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 purchasing an additional 2,108,578 shares during the period. State Street Corp lifted its holdings in shares of Amphenol by 3.0% in 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 buying an additional 1,537,880 shares during the period. Geode Capital Management LLC boosted its stake in shares of Amphenol by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock worth $1,754,672,000 after buying an additional 659,560 shares during the last quarter. Norges Bank acquired a new stake in Amphenol during the fourth quarter worth about $1,378,794,000. Finally, Wellington Management Group LLP raised its position in Amphenol by 619.9% during the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock valued at $487,130,000 after acquiring an additional 6,039,845 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Down 5.6 %

NYSE APH opened at $59.14 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39. The business’s fifty day simple moving average is $66.77 and its 200-day simple moving average is $68.78. The firm has a market cap of $71.67 billion, a PE ratio of 30.88, a P/E/G ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH – Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business 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 business’s revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. As a group, equities analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 1.12%. Amphenol’s payout ratio is currently 34.55%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on APH shares. Truist Financial upped their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird raised their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Bank of America increased their target price 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. Finally, Citigroup lifted their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Five equities 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Get Our Latest Stock Report on APH

Amphenol Company Profile

(Free Report)

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.

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