Farmers & Merchants Investments Inc. Has $28.72 Million Stock Position in Amphenol Co. (NYSE:APH)

Farmers & Merchants Investments Inc. lessened its stake in Amphenol Co. (NYSE:APH) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 413,585 shares of the electronics maker’s stock after selling 686 shares during the quarter. Amphenol accounts for about 0.9% of Farmers & Merchants Investments Inc.’s investment portfolio, making the stock its 23rd biggest holding. Farmers & Merchants Investments Inc.’s holdings in Amphenol were worth $28,723,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Trifecta Capital Advisors LLC increased its holdings in Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares in the last quarter. Brown Brothers Harriman & Co. boosted 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 during the period. Continuum Advisory LLC raised its position in Amphenol by 89.3% in the 3rd 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. Hanson & Doremus Investment Management bought a new stake in Amphenol in the 4th quarter valued at approximately $32,000. Finally, Endeavor Private Wealth Inc. acquired a new position in Amphenol during the 4th quarter worth approximately $49,000. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on APH. Truist Financial boosted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Evercore ISI boosted their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group raised their price objective on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Citigroup boosted their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, TD Cowen increased their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. 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, Amphenol currently has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Price Performance

NYSE:APH opened at $69.81 on Friday. The firm’s fifty day moving average price is $71.57 and its two-hundred day moving average price is $68.12. 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 company has a market cap of $84.16 billion, a P/E ratio of 36.45, a P/E/G ratio of 2.17 and a beta of 1.23. Amphenol Co. has a one year low of $51.13 and a one year high of $79.39.

Amphenol (NYSE:APH) last issued its quarterly earnings data 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 firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate 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. Equities analysts expect that Amphenol Co. will post 2.26 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.95%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is 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.