iA Global Asset Management Inc. Acquires 16,233 Shares of Amphenol Co. (NYSE:APH)

iA Global Asset Management Inc. boosted its holdings in Amphenol Co. (NYSE:APH - Free Report) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 127,739 shares of the electronics maker's stock after acquiring an additional 16,233 shares during the quarter. iA Global Asset Management Inc.'s holdings in Amphenol were worth $8,871,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Tacita Capital Inc raised its stake in Amphenol by 328.9% during the 4th 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 4th quarter valued at $28,000. Rialto Wealth Management LLC purchased a new position in Amphenol in the fourth quarter valued at about $28,000. Rakuten Securities Inc. grew its stake in shares of Amphenol by 703.8% in the 4th 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, Brown Brothers Harriman & Co. increased its stake in shares of 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 purchasing an additional 166 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Performance

Shares of APH traded up $0.18 during trading hours on Tuesday, hitting $69.48. The company had a trading volume of 5,202,181 shares, compared to its average volume of 6,947,365. Amphenol Co. has a 12 month low of $54.72 and a 12 month high of $79.39. The firm has a market cap of $84.19 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 1.92 and a beta of 1.25. The business has a fifty day moving average of $68.03 and a 200-day moving average of $68.63. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

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

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is presently 34.55%.

Analysts Set New Price Targets

Several brokerages have commented on APH. JPMorgan Chase & Co. increased their price target on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. The Goldman Sachs Group lifted their target price on Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Bank of America upped their price target on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Citigroup lifted their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Finally, Truist Financial upped their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Five 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.