BI Asset Management Fondsmaeglerselskab A S Takes $8.56 Million Position in Amphenol Co. (NYSE:APH)

BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Amphenol Co. (NYSE:APH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 123,181 shares of the electronics maker's stock, valued at approximately $8,555,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tacita Capital Inc raised its stake in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Amphenol during the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC acquired a new position in Amphenol during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. raised its holdings in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after buying an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in Amphenol in the fourth quarter valued at about $32,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APH has been the topic of several research reports. Truist Financial lifted their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. US Capital Advisors set a $85.00 price objective on Amphenol in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday. UBS Group reiterated a "buy" rating and set a $85.00 target price (up from $78.00) on shares of Amphenol in a research report on Thursday. Finally, Bank of America lifted 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. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $82.58.

Amphenol Stock Down 0.7 %

Shares of APH traded down $0.54 on Friday, reaching $75.49. The company's stock had a trading volume of 6,699,217 shares, compared to its average volume of 7,447,673. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $79.39. The stock has a market capitalization of $91.48 billion, a PE ratio of 39.51, a PEG ratio of 1.92 and a beta of 1.17. 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 fifty day moving average of $65.39 and a 200-day moving average of $68.87.

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

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were paid a $0.165 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.87%. Amphenol's dividend payout ratio (DPR) is 34.55%.

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.