DnB Asset Management AS Has $50.49 Million Holdings in Amphenol Co. (NYSE:APH)

DnB Asset Management AS lowered its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 3.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 726,956 shares of the electronics maker's stock after selling 22,675 shares during the quarter. DnB Asset Management AS owned about 0.06% of Amphenol worth $50,487,000 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 APH. Norges Bank acquired a new position in shares of Amphenol in the fourth quarter worth about $1,378,794,000. Madison Investment Advisors LLC purchased a new position in shares of Amphenol during the 4th quarter valued at approximately $157,749,000. Vanguard Group Inc. grew its position in shares of Amphenol by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock worth $10,565,279,000 after buying an additional 2,108,578 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Amphenol by 89.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker's stock worth $280,397,000 after buying an additional 2,032,402 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in Amphenol in the third quarter valued at $113,828,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Up 0.9 %

Shares of NYSE APH traded up $0.62 during trading hours on Tuesday, hitting $66.21. The stock had a trading volume of 2,511,157 shares, compared to its average volume of 7,246,361. The company has a market capitalization of $80.23 billion, a P/E ratio of 34.55, a P/E/G ratio of 1.92 and a beta of 1.25. The firm's 50-day moving average price is $67.78 and its two-hundred day moving average price is $68.84. 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 52 week low of $54.72 and a 52 week high of $79.39.

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Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol's quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 EPS. Analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.00%. Amphenol's dividend payout ratio (DPR) is presently 34.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Robert W. Baird boosted their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Bank of America increased their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Citigroup increased their price objective on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Finally, Truist Financial upped their target price on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Five equities research 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 company presently has a consensus 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.