Stevens Capital Management LP purchased a new position in Amphenol Co. (NYSE:APH - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,386 shares of the electronics maker's stock, valued at approximately $374,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swedbank AB lifted its stake in Amphenol by 38.5% during the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker's stock worth $234,592,000 after purchasing an additional 1,000,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Amphenol by 26.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,284 shares of the electronics maker's stock worth $3,798,000 after purchasing an additional 12,345 shares during the period. Intech Investment Management LLC lifted its position in shares of Amphenol by 40.3% in the 3rd quarter. Intech Investment Management LLC now owns 32,580 shares of the electronics maker's stock worth $2,123,000 after buying an additional 9,355 shares during the last quarter. Nwam LLC acquired a new position in shares of Amphenol in the 3rd quarter valued at about $229,000. Finally, Cerity Partners LLC grew its position in shares of Amphenol by 484.0% during the 3rd quarter. Cerity Partners LLC now owns 1,201,040 shares of the electronics maker's stock valued at $78,260,000 after buying an additional 995,393 shares during the last quarter. 97.01% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on APH. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Bank of America increased their target price on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Citigroup boosted their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a report on Friday, January 17th. Finally, Robert W. Baird increased their price objective on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and an average price target of $80.68.
Get Our Latest Report on APH
Amphenol Price Performance
Shares of Amphenol stock traded down $1.61 on Friday, hitting $66.56. The company had a trading volume of 9,489,747 shares, compared to its average volume of 7,253,183. Amphenol Co. has a 52 week low of $54.72 and a 52 week 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 company has a market cap of $80.66 billion, a PE ratio of 34.76, a PEG ratio of 1.92 and a beta of 1.25. The business has a 50-day simple moving average of $67.86 and a 200-day simple moving average of $68.72.
Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the company posted $0.82 EPS. The firm's quarterly revenue was up 29.8% on a year-over-year basis. Research analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.
Amphenol Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.99%. Amphenol's dividend payout ratio (DPR) is 34.55%.
Amphenol Company Profile
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Free Report)
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.
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