Fox Hill Wealth Management Raises Stock Position in Amphenol Co. (NYSE:APH)

Fox Hill Wealth Management grew its holdings in Amphenol Co. (NYSE:APH) by 2.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,247 shares of the electronics maker’s stock after buying an additional 758 shares during the period. Amphenol makes up 1.4% of Fox Hill Wealth Management’s portfolio, making the stock its 22nd largest holding. Fox Hill Wealth Management’s holdings in Amphenol were worth $2,448,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in APH. Xponance Inc. boosted its stake in shares of Amphenol by 2.2% during the 4th quarter. Xponance Inc. now owns 229,154 shares of the electronics maker’s stock worth $15,915,000 after purchasing an additional 5,014 shares during the period. Intech Investment Management LLC boosted its stake in shares of Amphenol by 1.0% during the 4th quarter. Intech Investment Management LLC now owns 32,905 shares of the electronics maker’s stock worth $2,285,000 after purchasing an additional 325 shares during the period. Generali Asset Management SPA SGR purchased a new position in shares of Amphenol during the 4th quarter worth about $3,159,000. Horizon Investments LLC boosted its stake in shares of Amphenol by 59.9% during the 4th quarter. Horizon Investments LLC now owns 56,084 shares of the electronics maker’s stock worth $3,895,000 after purchasing an additional 21,020 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of Amphenol by 19.0% during the 4th quarter. Advisors Asset Management Inc. now owns 127,170 shares of the electronics maker’s stock worth $8,832,000 after purchasing an additional 20,271 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Trading Up 0.1 %

NYSE:APH opened at $63.90 on Wednesday. Amphenol Co. has a one year low of $54.72 and a one year high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The firm has a market cap of $77.38 billion, a P/E ratio of 33.37, a P/E/G ratio of 1.92 and a beta of 1.25. The firm has a 50-day simple moving average of $68.28 and a 200-day simple moving average of $68.50.

Amphenol (NYSE:APH) last posted its quarterly earnings data 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 firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol’s revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 EPS. Equities analysts anticipate 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. Investors of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.03%. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on APH. 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. Truist Financial boosted their price objective on shares of 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 boosted their price objective 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. Bank of America boosted their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amphenol has an average 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.