Amphenol Co. (NYSE:APH) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in Amphenol Co. (NYSE:APH - Free Report) by 11.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,014,009 shares of the electronics maker's stock after buying an additional 507,422 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.42% of Amphenol worth $348,223,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

APH has been the subject of several recent analyst reports. UBS Group cut their price target on Amphenol from $90.00 to $78.00 and set a "buy" rating for the company in a research note on Thursday. Robert W. Baird boosted their price objective on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Citigroup increased their target price on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Bank of America increased their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their target price 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. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amphenol currently has an average rating of "Moderate Buy" and an average target price of $80.60.

Amphenol Price Performance

APH traded up $0.80 during trading on Friday, reaching $64.93. The company's stock had a trading volume of 2,315,895 shares, compared to its average volume of 7,384,140. The company has a market cap of $78.68 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 1.92 and a beta of 1.17. The firm has a fifty day simple moving average of $65.97 and a two-hundred day simple moving average of $68.69. Amphenol Co. has a 1 year low of $54.72 and a 1 year high of $79.39. 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 (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share 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 company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The firm's revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were issued a $0.165 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.02%. 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.