Invesco Ltd. Grows Stock Holdings in Amphenol Co. (NYSE:APH)

Invesco Ltd. raised its stake in Amphenol Co. (NYSE:APH - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,057,928 shares of the electronics maker's stock after buying an additional 107,482 shares during the quarter. Invesco Ltd. owned approximately 0.75% of Amphenol worth $629,073,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can increased its position in Amphenol by 1.4% during the fourth quarter. Bank of Montreal Can now owns 2,332,775 shares of the electronics maker's stock worth $162,011,000 after purchasing an additional 32,776 shares during the last quarter. FMR LLC grew its stake in shares of Amphenol by 2.6% in the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after buying an additional 2,643,752 shares during the period. Polymer Capital Management HK LTD increased its holdings in shares of Amphenol by 88.4% during the 4th quarter. Polymer Capital Management HK LTD now owns 47,100 shares of the electronics maker's stock worth $3,271,000 after buying an additional 22,100 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Amphenol during the 4th quarter valued at approximately $322,000. Finally, Oribel Capital Management LP acquired a new position in Amphenol in the fourth quarter valued at approximately $8,251,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Up 2.0 %

APH traded up $1.26 during trading hours on Friday, hitting $65.39. 6,469,069 shares of the company's stock were exchanged, compared to its average volume of 7,409,492. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 12-month low of $54.72 and a 12-month high of $79.39. The firm has a market cap of $79.23 billion, a P/E ratio of 34.14, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The firm has a 50 day moving average of $65.88 and a 200 day moving average of $68.71.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data 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 company's revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. Analysts predict that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Tuesday, March 18th. Amphenol's payout ratio is presently 34.55%.

Analyst Ratings Changes

Several equities research analysts have issued reports on APH shares. JPMorgan Chase & Co. raised their target price on Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group cut their price objective on Amphenol from $89.00 to $72.00 and set a "buy" rating for the company in a research report on Thursday. UBS Group decreased their target price on shares of Amphenol from $90.00 to $78.00 and set a "buy" rating on the stock in a research report on Thursday. Robert W. Baird lifted their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Finally, Truist Financial boosted their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $80.60.

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.