Allianz SE Invests $2.83 Million in Amphenol Co. (NYSE:APH)

Allianz SE bought a new position in Amphenol Co. (NYSE:APH - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 40,760 shares of the electronics maker's stock, valued at approximately $2,833,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Princeton Global Asset Management LLC boosted its holdings in shares of Amphenol by 0.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock worth $1,634,000 after purchasing an additional 136 shares in the last quarter. WASHINGTON TRUST Co boosted its stake in Amphenol by 23.0% in 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. Fragasso Financial Advisors Inc grew its position in Amphenol by 4.7% during the fourth 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 during the last quarter. Newbridge Financial Services Group Inc. raised its stake in shares of Amphenol by 3.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock worth $381,000 after acquiring an additional 173 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its holdings in shares of Amphenol by 3.5% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock worth $363,000 after acquiring an additional 177 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Remove Ads

Amphenol Trading Down 7.4 %

APH stock traded down $5.04 on Thursday, reaching $62.86. The company's stock had a trading volume of 3,061,355 shares, compared to its average volume of 7,258,832. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The business has a fifty day simple moving average of $67.45 and a two-hundred day simple moving average of $68.85. The firm has a market cap of $76.17 billion, a PE ratio of 32.83, a PEG ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 12-month low of $54.72 and a 12-month high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. The company's revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol's dividend payout ratio is currently 34.55%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Truist Financial increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Robert W. Baird lifted their price objective on Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a report 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. Bank of America raised their price target on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their price objective on Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and an average target price 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.