Longbow Finance SA Raises Stake in Amphenol Co. (NYSE:APH)

Longbow Finance SA increased its holdings in Amphenol Co. (NYSE:APH - Free Report) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,043 shares of the electronics maker's stock after acquiring an additional 4,691 shares during the period. Longbow Finance SA's holdings in Amphenol were worth $6,879,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Sierra Ocean LLC bought a new position in shares of Amphenol during the 4th quarter worth approximately $28,000. Hanson & Doremus Investment Management purchased a new position in Amphenol in the 4th quarter valued at approximately $32,000. Continuum Advisory LLC raised its stake in shares of Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after purchasing an additional 234 shares during the period. Brown Brothers Harriman & Co. grew its stake in Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock valued at $32,000 after acquiring an additional 166 shares in the last quarter. Finally, Endeavor Private Wealth Inc. bought a new position in shares of Amphenol in the fourth quarter worth $49,000. Institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Truist Financial raised their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Robert W. Baird upped their target price on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Citigroup raised their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. raised their price objective on Amphenol from $85.00 to $90.00 and gave the company an "overweight" 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $80.68.

Amphenol Stock Performance

Shares of NYSE:APH traded up $1.11 during trading on Friday, hitting $66.57. 10,480,849 shares of the stock traded hands, compared to its average volume of 7,859,414. 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 company has a fifty day moving average price of $70.21 and a two-hundred day moving average price of $68.75. Amphenol Co. has a 52-week low of $54.24 and a 52-week high of $79.39. The company has a market cap of $80.62 billion, a price-to-earnings ratio of 34.76, a P/E/G 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. 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 period last year, the company earned $0.82 earnings per share. Amphenol's quarterly revenue was up 29.8% compared to the same quarter last year. As a group, equities analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.99%. Amphenol's payout ratio is currently 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.