Illinois Municipal Retirement Fund Has $4.85 Million Holdings in Amphenol Co. (NYSE:APH)

Illinois Municipal Retirement Fund reduced its stake in Amphenol Co. (NYSE:APH - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,879 shares of the electronics maker's stock after selling 6,169 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Amphenol were worth $4,853,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. lifted its holdings in Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker's stock worth $280,397,000 after purchasing an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP bought a new position in Amphenol during the 3rd quarter worth $113,828,000. Los Angeles Capital Management LLC lifted its holdings in shares of Amphenol by 3,103.8% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker's stock worth $116,995,000 after buying an additional 1,632,014 shares in the last quarter. State Street Corp boosted its position in shares of Amphenol by 3.0% in the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker's stock valued at $3,496,777,000 after acquiring an additional 1,537,880 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of Amphenol by 151.7% in the third quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker's stock valued at $144,047,000 after acquiring an additional 1,332,298 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Amphenol Price Performance

Shares of APH stock traded up $1.11 on Friday, reaching $66.57. The company had a trading volume of 10,480,849 shares, compared to its average volume of 7,859,414. The business's 50-day moving average is $70.13 and its 200 day moving average is $68.77. Amphenol Co. has a one year low of $54.24 and a one 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. The stock has a market capitalization of $80.62 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23.

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

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 annualized dividend and a yield of 0.99%. Amphenol's dividend payout ratio is presently 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.