D.A. Davidson & CO. Acquires 8,615 Shares of Amphenol Co. (NYSE:APH)

D.A. Davidson & CO. boosted its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 162.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,915 shares of the electronics maker's stock after purchasing an additional 8,615 shares during the quarter. D.A. Davidson & CO.'s holdings in Amphenol were worth $966,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sierra Ocean LLC acquired a new position in shares of Amphenol during the 4th quarter worth approximately $28,000. Brown Brothers Harriman & Co. increased its stake in Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock worth $32,000 after acquiring an additional 166 shares during the period. Continuum Advisory LLC lifted its position in shares of Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after acquiring an additional 234 shares during the period. Hanson & Doremus Investment Management bought a new position in shares of Amphenol in the fourth quarter worth $32,000. Finally, Endeavor Private Wealth Inc. acquired a new position in Amphenol in the fourth quarter valued at about $49,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their target price on Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Citigroup boosted their price target on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, January 17th. Robert W. Baird upped 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. Finally, Bank of America lifted their target price on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.68.

Amphenol Trading Down 1.2 %

APH traded down $0.82 during trading on Thursday, reaching $65.41. 6,948,146 shares of the company's stock were exchanged, compared to its average volume of 7,790,410. The firm has a fifty day moving average price of $70.30 and a two-hundred day moving average price of $68.77. The stock has a market capitalization of $79.21 billion, a PE ratio of 34.16, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. Amphenol Co. has a one year low of $53.85 and a one year high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol's revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. As a group, equities research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.01%. Amphenol's dividend payout ratio (DPR) is currently 34.46%.

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.