Amphenol Co. (NYSE:APH) Stake Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in Amphenol Co. (NYSE:APH - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,625,209 shares of the electronics maker's stock after buying an additional 197,237 shares during the quarter. Dimensional Fund Advisors LP owned about 0.30% of Amphenol worth $251,785,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tacita Capital Inc boosted its stake in shares of 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 during the period. Sierra Ocean LLC acquired a new stake in shares of Amphenol during the fourth quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol during the fourth quarter worth about $28,000. Rakuten Securities Inc. lifted its stake in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after acquiring an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new position in Amphenol in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on APH shares. Bank of America upped 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. Robert W. Baird upped their price target on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday. The Goldman Sachs Group raised their price objective on shares of Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Truist Financial boosted their price objective on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $82.58.

Amphenol Stock Performance

Shares of APH traded up $4.98 during midday trading on Thursday, hitting $76.13. 14,919,161 shares of the stock traded hands, compared to its average volume of 7,447,535. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $79.39. The business's 50 day moving average price is $65.39 and its two-hundred day moving average price is $68.87. The firm has a market capitalization of $92.25 billion, a PE ratio of 39.75, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate 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 net margin of 15.92% and a return on equity of 25.67%. During the same quarter last year, the business earned $0.40 earnings per share. Equities research analysts predict that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders 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 dividend yield of 0.87%. Amphenol's payout ratio 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.