APG Asset Management N.V. Has $106.12 Million Stock Holdings in Amphenol Co. (NYSE:APH)

APG Asset Management N.V. lifted its stake in Amphenol Co. (NYSE:APH - Free Report) by 67.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,582,231 shares of the electronics maker's stock after acquiring an additional 634,952 shares during the quarter. APG Asset Management N.V. owned approximately 0.13% of Amphenol worth $106,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC grew its position in Amphenol by 8.5% in the third quarter. Integrated Wealth Concepts LLC now owns 10,342 shares of the electronics maker's stock worth $674,000 after acquiring an additional 811 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in Amphenol by 66.9% in the third quarter. IHT Wealth Management LLC now owns 5,314 shares of the electronics maker's stock worth $343,000 after purchasing an additional 2,130 shares in the last quarter. EP Wealth Advisors LLC increased its position in Amphenol by 176.9% during the third quarter. EP Wealth Advisors LLC now owns 11,089 shares of the electronics maker's stock worth $723,000 after buying an additional 7,084 shares during the last quarter. Zacks Investment Management bought a new position in Amphenol during the third quarter valued at about $4,907,000. Finally, MML Investors Services LLC lifted its position in shares of Amphenol by 14.8% in the third quarter. MML Investors Services LLC now owns 117,884 shares of the electronics maker's stock worth $7,681,000 after buying an additional 15,229 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Performance

APH traded up $1.26 on Friday, hitting $65.39. 6,469,069 shares of the stock traded hands, compared to its average volume of 7,404,262. The business has a fifty day moving average price of $65.88 and a two-hundred day moving average price of $68.69. 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 firm has a market capitalization of $79.23 billion, a PE ratio of 34.14, a P/E/G ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39.

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 (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business's revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. On average, research 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. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol's payout ratio is 34.55%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on APH shares. Truist Financial raised their price objective on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group reduced their price objective on shares of Amphenol from $89.00 to $72.00 and set a "buy" rating for the company in a research note on Thursday. UBS Group lowered their target price on shares of Amphenol from $90.00 to $78.00 and set a "buy" rating on the stock in a research note on Thursday. Citigroup boosted their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Finally, Bank of America raised their price target on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amphenol has an average rating of "Moderate Buy" and an average target price of $80.60.

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.