17 Capital Partners LLC Buys New Shares in Amphenol Co. (NYSE:APH)

17 Capital Partners LLC purchased a new stake in shares of Amphenol Co. (NYSE:APH) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,880 shares of the electronics maker’s stock, valued at approximately $200,000.

Several other large investors have also made changes to their positions in the business. Newbridge Financial Services Group Inc. lifted its holdings in Amphenol by 3.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker’s stock worth $381,000 after purchasing an additional 173 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in shares of Amphenol by 8.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 29,095 shares of the electronics maker’s stock valued at $2,021,000 after buying an additional 2,330 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Amphenol by 160.8% in the fourth quarter. Empowered Funds LLC now owns 115,840 shares of the electronics maker’s stock worth $8,045,000 after buying an additional 71,416 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Amphenol by 4.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 36,459 shares of the electronics maker’s stock worth $2,532,000 after acquiring an additional 1,520 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its stake in Amphenol by 41.7% during the fourth quarter. Apollon Wealth Management LLC now owns 68,263 shares of the electronics maker’s stock valued at $4,741,000 after acquiring an additional 20,093 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Amphenol stock opened at $69.81 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The firm has a market capitalization of $84.16 billion, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. Amphenol Co. has a 1-year low of $51.13 and a 1-year high of $79.39. The company’s 50-day moving average is $71.57 and its 200 day moving average is $68.12.

Amphenol (NYSE:APH) last issued 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 firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. Research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio is presently 34.46%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup raised their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Bank of America raised 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. Robert W. Baird increased 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 boosted their price target 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. Finally, TD Cowen increased their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. 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 company. According to MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price 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.