Convergence Investment Partners LLC Increases Stake in Amphenol Co. (NYSE:APH)

Convergence Investment Partners LLC raised its position in Amphenol Co. (NYSE:APH - Free Report) by 243.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,852 shares of the electronics maker's stock after purchasing an additional 7,690 shares during the quarter. Convergence Investment Partners LLC's holdings in Amphenol were worth $754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Blue Trust Inc. raised its stake in shares of Amphenol by 208.8% in the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock valued at $1,765,000 after acquiring an additional 18,322 shares during the period. Spire Wealth Management increased its stake in Amphenol by 34.1% during the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock worth $6,836,000 after buying an additional 25,007 shares during the period. Daiwa Securities Group Inc. increased its stake in Amphenol by 50.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker's stock worth $17,477,000 after buying an additional 90,450 shares during the period. LMR Partners LLP increased its stake in Amphenol by 315.1% during the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker's stock worth $19,209,000 after buying an additional 223,784 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in Amphenol by 22.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker's stock worth $6,966,000 after buying an additional 19,496 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on APH. Robert W. Baird upped their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Citigroup upped their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Truist Financial boosted their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Bank of America boosted their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.68.

Amphenol Stock Down 2.6 %

Shares of Amphenol stock traded down $1.80 during trading hours on Friday, hitting $67.58. The company had a trading volume of 8,015,000 shares, compared to its average volume of 7,469,862. The company's 50-day moving average is $70.73 and its two-hundred day moving average is $68.68. Amphenol Co. has a twelve month low of $52.89 and a twelve month 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 $81.84 billion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23.

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

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol's dividend payout ratio is currently 34.46%.

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.