CIBC Asset Management Inc Has $14.82 Million Holdings in Amphenol Co. (NYSE:APH)

CIBC Asset Management Inc grew its holdings in Amphenol Co. (NYSE:APH - Free Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 213,401 shares of the electronics maker's stock after acquiring an additional 8,490 shares during the quarter. CIBC Asset Management Inc's holdings in Amphenol were worth $14,821,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jacobs Levy Equity Management Inc. grew its position in Amphenol by 89.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker's stock worth $280,397,000 after purchasing an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Amphenol during the third quarter valued at about $113,828,000. State Street Corp grew its position in Amphenol by 3.0% during the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker's stock worth $3,496,777,000 after buying an additional 1,537,880 shares in the last quarter. Point72 Asset Management L.P. increased its stake in Amphenol by 151.7% during the third quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker's stock valued at $144,047,000 after acquiring an additional 1,332,298 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Amphenol by 157.2% during the third quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker's stock valued at $125,899,000 after acquiring an additional 1,180,944 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Price Performance

NYSE:APH traded down $1.80 on Friday, reaching $67.58. The stock had a trading volume of 8,015,000 shares, compared to its average volume of 7,630,725. The company has a market capitalization of $81.84 billion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. The stock has a fifty day moving average price of $70.73 and a 200-day moving average price of $68.62. 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 Co. has a 1-year low of $52.89 and a 1-year high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the company earned $0.82 EPS. Amphenol's revenue for the quarter was up 29.8% on a year-over-year basis. Research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.98%. Amphenol's dividend payout ratio is 34.46%.

Analyst Upgrades and Downgrades

APH has been the subject of a number of research reports. Robert W. Baird raised their price objective on Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Evercore ISI increased their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Bank of America raised their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Finally, TD Cowen upped their target price on shares of Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $80.68.

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.