Vanguard Group Inc. boosted its holdings in Amphenol Co. (NYSE:APH - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,127,847 shares of the electronics maker's stock after purchasing an additional 2,108,578 shares during the quarter. Vanguard Group Inc. owned about 12.62% of Amphenol worth $10,565,279,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Swedbank AB boosted its stake in shares of Amphenol by 38.5% during the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker's stock worth $234,592,000 after buying an additional 1,000,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Amphenol by 26.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,284 shares of the electronics maker's stock worth $3,798,000 after acquiring an additional 12,345 shares during the period. Citizens Financial Group Inc. RI grew its stake in shares of Amphenol by 21.7% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 12,236 shares of the electronics maker's stock valued at $799,000 after purchasing an additional 2,179 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of Amphenol by 40.3% in the 3rd quarter. Intech Investment Management LLC now owns 32,580 shares of the electronics maker's stock valued at $2,123,000 after purchasing an additional 9,355 shares during the last quarter. Finally, Nwam LLC acquired a new position in shares of Amphenol in the third quarter valued at approximately $229,000. Institutional investors and hedge funds own 97.01% of the company's stock.
Amphenol Price Performance
NYSE APH traded up $0.69 during mid-day trading on Thursday, hitting $68.27. The stock had a trading volume of 8,033,368 shares, compared to its average volume of 6,927,940. The company has a 50 day simple moving average of $67.92 and a 200 day simple moving average of $68.68. The company has a market cap of $82.73 billion, a price-to-earnings ratio of 35.65, a P/E/G ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. 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 (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 analysts' consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter last year, the business posted $0.82 earnings per share. The business's revenue for the quarter was up 29.8% on a year-over-year basis. Equities analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.
Amphenol Announces Dividend
The firm 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 $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.97%. Amphenol's dividend payout ratio is presently 34.55%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Bank of America lifted their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Citigroup increased their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, January 17th. JPMorgan Chase & Co. lifted their price objective on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Finally, Robert W. Baird increased their target price on Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Five research 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 company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $80.68.
Check Out Our Latest Stock Analysis on Amphenol
Amphenol Profile
(
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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