Bank of Montreal Can Raises Stock Holdings in Amphenol Co. (NYSE:APH)

Bank of Montreal Can lifted its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,332,775 shares of the electronics maker's stock after purchasing an additional 32,776 shares during the quarter. Bank of Montreal Can owned 0.19% of Amphenol worth $162,011,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tacita Capital Inc increased its holdings in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after buying an additional 296 shares during the last quarter. Sierra Ocean LLC bought a new position in Amphenol in the fourth quarter valued at $28,000. Rialto Wealth Management LLC bought a new position in Amphenol in the fourth quarter valued at $28,000. Rakuten Securities Inc. raised its position in Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 366 shares in the last quarter. Finally, Continuum Advisory LLC lifted its stake 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 purchasing an additional 234 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Trading Up 2.0 %

APH traded up $1.26 during midday trading on Friday, reaching $65.39. 6,469,069 shares of the company's stock traded hands, compared to its average volume of 7,409,492. Amphenol Co. has a 52 week low of $54.72 and a 52 week 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 firm has a fifty day moving average of $65.88 and a two-hundred day moving average of $68.71. The stock has a market capitalization of $79.23 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm's revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. On average, equities analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal 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 1.01%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol's dividend payout ratio is currently 34.55%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Amphenol from $89.00 to $72.00 and set a "buy" rating on the stock in a report on Thursday. Truist Financial lifted their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Citigroup upped their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, January 17th. UBS Group decreased their target price on shares of Amphenol from $90.00 to $78.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Bank of America upped their price target on shares of 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $80.60.

Amphenol 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.