Larson Financial Group LLC Sells 2,460 Shares of Amphenol Co. (NYSE:APH)

Larson Financial Group LLC lessened its holdings in shares of Amphenol Co. (NYSE:APH) by 63.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,392 shares of the electronics maker’s stock after selling 2,460 shares during the period. Larson Financial Group LLC’s holdings in Amphenol were worth $97,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Princeton Global Asset Management LLC lifted its holdings in shares of Amphenol by 0.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock valued at $1,634,000 after purchasing an additional 136 shares in the last quarter. WASHINGTON TRUST Co lifted its stake in Amphenol by 23.0% in the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock valued at $55,000 after acquiring an additional 147 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares in the last quarter. Fragasso Financial Advisors Inc lifted its stake in Amphenol by 4.7% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after acquiring an additional 171 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its stake in Amphenol by 3.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker’s stock valued at $381,000 after acquiring an additional 173 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Up 2.0 %

APH stock opened at $62.88 on Thursday. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $76.15 billion, a PE ratio of 32.83, a PEG ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 1-year low of $54.27 and a 1-year high of $79.39. The business’s 50 day simple moving average is $68.86 and its 200 day simple moving average is $68.59.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm’s revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 EPS. As a group, research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The firm also recently announced 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 dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is presently 34.55%.

Wall Street Analyst Weigh In

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