Oarsman Capital Inc. Purchases 737 Shares of Amphenol Co. (NYSE:APH)

Oarsman Capital Inc. boosted its position in shares of Amphenol Co. (NYSE:APH) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,916 shares of the electronics maker’s stock after purchasing an additional 737 shares during the period. Oarsman Capital Inc.’s holdings in Amphenol were worth $2,494,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APH. Tacita Capital Inc raised its holdings in shares of Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after buying an additional 296 shares during the period. Sierra Ocean LLC purchased a new stake 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. lifted its position in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol during the fourth quarter valued at $32,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Down 5.6 %

NYSE:APH opened at $59.14 on Friday. The company’s 50-day simple moving average is $66.77 and its 200-day simple moving average is $68.78. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a fifty-two week low of $54.72 and a fifty-two week high of $79.39. The stock has a market capitalization of $71.67 billion, a P/E ratio of 30.88, a P/E/G ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) 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 business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, equities analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on APH shares. The Goldman Sachs Group lifted their price objective on shares of Amphenol from $79.00 to $89.00 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 company an “overweight” rating in a research note on Thursday, January 23rd. Robert W. Baird increased their price objective on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Citigroup lifted their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, Bank of America increased their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Five investment 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 stock. According to MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol 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.