35,517 Shares in Amphenol Co. (NYSE:APH) Acquired by Allstate Corp

Allstate Corp bought a new position in shares of Amphenol Co. (NYSE:APH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 35,517 shares of the electronics maker's stock, valued at approximately $2,467,000.

A number of other hedge funds also recently bought and sold shares of APH. Blue Trust Inc. boosted its holdings in Amphenol by 208.8% in the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock valued at $1,765,000 after purchasing an additional 18,322 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of Amphenol by 34.1% in the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock valued at $6,836,000 after buying an additional 25,007 shares in the last quarter. Consolidated Planning Corp raised its stake in Amphenol by 37.0% during the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock worth $1,192,000 after acquiring an additional 4,631 shares in the last quarter. Pines Wealth Management LLC purchased a new stake in Amphenol in the fourth quarter valued at $553,000. Finally, Kanawha Capital Management LLC boosted its stake in Amphenol by 4.5% in the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock valued at $10,547,000 after acquiring an additional 6,481 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Ratings Changes

APH has been the subject of several research reports. Truist Financial boosted their target price on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Robert W. Baird increased their price objective on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. The Goldman Sachs Group upped 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. Bank of America lifted their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $80.68.

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Amphenol Price Performance

Shares of NYSE:APH traded down $5.04 on Thursday, reaching $62.86. 3,061,355 shares of the company were exchanged, compared to its average volume of 7,258,832. 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 company has a 50-day moving average of $67.45 and a 200-day moving average of $68.85. Amphenol Co. has a 1-year low of $54.72 and a 1-year high of $79.39. The firm has a market cap of $76.17 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol's quarterly revenue was up 29.8% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. Equities analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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

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.