Arete Wealth Advisors LLC Invests $246,000 in Amphenol Co. (NYSE:APH)

Arete Wealth Advisors LLC purchased a new stake in shares of Amphenol Co. (NYSE:APH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,539 shares of the electronics maker’s stock, valued at approximately $246,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tacita Capital Inc boosted its holdings in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 296 shares in the last quarter. Sierra Ocean LLC acquired a new position in Amphenol in the fourth quarter worth $28,000. Rialto Wealth Management LLC bought a new stake in shares of Amphenol during the fourth quarter worth $28,000. Rakuten Securities Inc. increased its stake in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after buying an additional 366 shares in the last quarter. Finally, Continuum Advisory LLC raised its holdings in shares of Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on APH. Robert W. Baird raised 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. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Citigroup upped their price objective on Amphenol from $81.00 to $82.00 and gave the stock 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 note on Thursday, January 23rd. Finally, Bank of America upped their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Stock Performance

Shares of NYSE:APH opened at $59.14 on Monday. The firm’s 50 day simple moving average is $66.77 and its 200 day simple moving average is $68.85. Amphenol Co. has a fifty-two week low of $53.93 and a fifty-two week high of $79.39. The company has a market capitalization of $71.67 billion, a price-to-earnings ratio of 30.88, a P/E/G ratio of 1.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the business posted $0.82 earnings per share. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.12%. Amphenol’s dividend payout ratio is presently 34.55%.

Amphenol Company 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.