Walter & Keenan Wealth Management LLC IN ADV Sells 207 Shares of Amphenol Co. (NYSE:APH)

Walter & Keenan Wealth Management LLC IN ADV reduced its holdings in Amphenol Co. (NYSE:APH) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,717 shares of the electronics maker’s stock after selling 207 shares during the quarter. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Amphenol were worth $466,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Blue Trust Inc. lifted its holdings in shares of Amphenol by 208.8% in the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock worth $1,765,000 after purchasing an additional 18,322 shares in the last quarter. Spire Wealth Management lifted its position in Amphenol by 34.1% in the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock valued at $6,836,000 after acquiring an additional 25,007 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Amphenol by 50.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock valued at $17,477,000 after purchasing an additional 90,450 shares during the last quarter. LMR Partners LLP increased its holdings in Amphenol by 315.1% during the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock worth $19,209,000 after purchasing an additional 223,784 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in Amphenol by 22.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock valued at $6,966,000 after buying an additional 19,496 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Down 0.3 %

APH opened at $69.81 on Monday. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The business’s fifty day simple moving average is $71.57 and its 200 day simple moving average is $68.14. Amphenol Co. has a 52 week low of $51.13 and a 52 week high of $79.39. The stock has a market cap of $84.16 billion, a PE ratio of 36.45, a P/E/G ratio of 1.99 and a beta of 1.23.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion for 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%. The firm’s quarterly 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, research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm 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. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. Amphenol’s payout ratio is 34.46%.

Analysts Set New Price Targets

APH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group upped their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. TD Cowen lifted their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Evercore ISI increased their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Robert W. Baird upped their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Five investment 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.