Los Angeles Capital Management LLC Raises Stake in Amphenol Co. (NYSE:APH)

Los Angeles Capital Management LLC increased its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 3,103.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,684,596 shares of the electronics maker's stock after buying an additional 1,632,014 shares during the quarter. Los Angeles Capital Management LLC owned about 0.14% of Amphenol worth $116,995,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in APH. Sierra Ocean LLC acquired a new position in shares of Amphenol during the fourth quarter worth approximately $28,000. Brown Brothers Harriman & Co. increased its stake in Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock valued at $32,000 after purchasing an additional 166 shares in the last quarter. Continuum Advisory LLC raised its holdings in Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock worth $32,000 after buying an additional 234 shares during the last quarter. Hanson & Doremus Investment Management bought a new position in shares of Amphenol in the fourth quarter valued at $32,000. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of Amphenol during the fourth quarter valued at about $49,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APH has been the topic of several recent research reports. Citigroup raised their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Truist Financial lifted their target price on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Robert W. Baird lifted 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. Finally, Bank of America upped their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amphenol presently has an average rating of "Moderate Buy" and a consensus target price of $80.68.

Amphenol Stock Performance

Shares of NYSE:APH traded up $1.11 during midday trading on Friday, reaching $66.57. The company had a trading volume of 10,480,849 shares, compared to its average volume of 7,859,414. Amphenol Co. has a 52-week low of $54.24 and a 52-week high of $79.39. The company's 50 day moving average price is $70.21 and its 200 day moving average price is $68.75. 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 stock has a market cap of $80.62 billion, a P/E ratio of 34.76, a P/E/G ratio of 1.92 and a beta of 1.23.

Amphenol (NYSE:APH - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm earned $0.82 EPS. The company's revenue was up 29.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.99%. Amphenol's dividend payout ratio is presently 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.