Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Amphenol Co. (NYSE:APH - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,993,329 shares of the electronics maker's stock after purchasing an additional 226,021 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.17% of Amphenol worth $139,782,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tacita Capital Inc boosted its holdings in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 296 shares during the period. Sierra Ocean LLC bought a new stake in Amphenol during the fourth quarter valued at $28,000. Rialto Wealth Management LLC purchased a new position in Amphenol during the fourth quarter worth about $28,000. Rakuten Securities Inc. increased its stake in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after acquiring an additional 366 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of 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. 97.01% of the stock is currently owned by institutional investors.
Amphenol Trading Up 0.6 %
Shares of NYSE APH traded up $0.37 during midday trading on Tuesday, reaching $65.96. The company had a trading volume of 6,361,087 shares, compared to its average volume of 7,271,516. The firm's fifty day moving average price is $67.65 and its 200-day moving average price is $68.86. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a one year low of $54.72 and a one year high of $79.39. The stock has a market cap of $79.93 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.
Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm's revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 EPS. On average, equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.
Amphenol Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol's payout ratio is currently 34.55%.
Analysts Set New Price Targets
Several brokerages have recently commented on APH. Citigroup boosted their price objective on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, January 17th. Robert W. Baird increased their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Bank of America increased 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. Finally, The Goldman Sachs Group lifted their price target on Amphenol from $79.00 to $89.00 and gave the stock 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 given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $80.68.
View Our Latest Research Report on APH
About Amphenol
(
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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