Promus Capital LLC Invests $71,000 in Amphenol Co. (NYSE:APH)

Promus Capital LLC purchased a new position in Amphenol Co. (NYSE:APH) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,028 shares of the electronics maker’s stock, valued at approximately $71,000.

Other hedge funds have also made changes to their positions in the company. State Street Corp raised its position in Amphenol by 3.0% during the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after acquiring an additional 1,537,880 shares in the last quarter. Geode Capital Management LLC raised its position in Amphenol by 2.3% during the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock valued at $1,601,540,000 after acquiring an additional 564,991 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Amphenol by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,760,270 shares of the electronics maker’s stock valued at $469,501,000 after acquiring an additional 201,600 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Amphenol by 25.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock valued at $347,297,000 after acquiring an additional 1,073,480 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in Amphenol by 89.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after acquiring an additional 2,032,402 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Trading Up 2.6 %

Shares of Amphenol stock opened at $64.66 on Thursday. The company’s fifty day simple moving average is $69.66 and its 200-day simple moving average is $68.76. The company has a market cap of $78.31 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 1.92 and a beta of 1.25. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 1 year low of $54.27 and a 1 year high of $79.39.

Amphenol (NYSE:APH) last announced 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. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter last year, the company posted $0.82 earnings per share. As a group, sell-side analysts expect that Amphenol Co. will post 2.36 EPS for the current 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 $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 1.02%. Amphenol’s payout ratio is 34.55%.

Analysts Set New Price Targets

APH has been the topic of several recent research reports. Bank of America raised their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Citigroup raised their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Truist Financial lifted their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group lifted their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird lifted their price target 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. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

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.