T. Rowe Price Investment Management Inc. Lowers Stock Position in Amphenol Co. (NYSE:APH)

T. Rowe Price Investment Management Inc. decreased its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 0.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,650,957 shares of the electronics maker's stock after selling 40,563 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 0.47% of Amphenol worth $392,459,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC grew its position in shares of Amphenol by 0.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock valued at $1,634,000 after purchasing an additional 136 shares in the last quarter. WASHINGTON TRUST Co boosted its stake in Amphenol by 23.0% in the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock worth $55,000 after purchasing an additional 147 shares during the period. Fragasso Financial Advisors Inc grew its holdings in Amphenol by 4.7% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock valued at $266,000 after buying an additional 171 shares in the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of Amphenol by 3.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock valued at $381,000 after buying an additional 173 shares during the period. Finally, Robertson Stephens Wealth Management LLC lifted its holdings in shares of Amphenol by 3.5% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock worth $363,000 after buying an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Trading Down 0.3 %

Shares of NYSE:APH traded down $0.22 during midday trading on Friday, hitting $75.81. 14,324,583 shares of the stock traded hands, compared to its average volume of 7,467,286. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $91.87 billion, a PE ratio of 39.59, a P/E/G ratio of 1.92 and a beta of 1.17. Amphenol Co. has a one year low of $54.77 and a one year high of $79.39. The business's 50 day moving average is $65.53 and its two-hundred day moving average is $68.98.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the company earned $0.40 EPS. As a group, research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Tuesday, March 18th. Amphenol's dividend payout ratio is currently 34.55%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday. Bank of America upped 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. Robert W. Baird lifted their price target on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday. US Capital Advisors set a $85.00 target price on shares of Amphenol in a research report on Thursday. Finally, UBS Group reissued a "buy" rating and issued a $85.00 price target (up previously from $78.00) on shares of Amphenol in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.58.

About Amphenol

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.