Amphenol Co. (NYSE:APH) Shares Acquired by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. lifted its stake in shares of Amphenol Co. (NYSE:APH) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 411,971 shares of the electronics maker’s stock after buying an additional 1,950 shares during the quarter. Amphenol makes up approximately 2.3% of Mcdaniel Terry & Co.’s portfolio, making the stock its 17th biggest position. Mcdaniel Terry & Co.’s holdings in Amphenol were worth $28,611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Princeton Global Asset Management LLC grew its position in shares of Amphenol by 0.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock worth $1,634,000 after buying an additional 136 shares in the last quarter. WASHINGTON TRUST Co grew its position in shares of Amphenol by 23.0% during the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock worth $55,000 after buying an additional 147 shares in the last quarter. Fortitude Family Office LLC grew its position in shares of Amphenol by 13.9% during the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock worth $84,000 after buying an additional 158 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after buying an additional 166 shares in the last quarter. Finally, Fragasso Financial Advisors Inc grew its position in shares of Amphenol by 4.7% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock worth $266,000 after buying an additional 171 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APH has been the subject of several recent analyst reports. Evercore ISI boosted their target price on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Bank of America boosted their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. TD Cowen boosted their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Citigroup boosted their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, The Goldman Sachs Group boosted their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Price Performance

Amphenol stock opened at $69.67 on Thursday. Amphenol Co. has a 12 month low of $52.06 and a 12 month high of $79.39. 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 business has a 50 day simple moving average of $70.94 and a 200-day simple moving average of $68.55. The stock has a market capitalization of $84.37 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 1.96 and a beta of 1.23.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. Equities analysts predict 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 issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis 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%.

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.