LTS One Management LP Purchases Shares of 205,000 Amphenol Co. (NYSE:APH)

LTS One Management LP acquired a new position in shares of Amphenol Co. (NYSE:APH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 205,000 shares of the electronics maker's stock, valued at approximately $14,237,000. Amphenol makes up about 4.0% of LTS One Management LP's holdings, making the stock its 15th largest position.

Several other institutional investors have also modified their holdings of APH. Norges Bank acquired a new stake in Amphenol in the 4th quarter valued at about $1,378,794,000. Wellington Management Group LLP grew its position in shares of Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock valued at $487,130,000 after purchasing an additional 6,039,845 shares during the last quarter. FMR LLC increased its stake in shares of Amphenol by 2.6% during the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after purchasing an additional 2,643,752 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in shares of Amphenol during the 4th quarter worth approximately $157,749,000. Finally, Vanguard Group Inc. raised its position in shares of Amphenol by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock worth $10,565,279,000 after purchasing an additional 2,108,578 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on APH shares. Citigroup cut their price objective on shares of Amphenol from $89.00 to $75.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Bank of America lifted their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. UBS Group dropped 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, April 10th. JPMorgan Chase & Co. decreased their price objective on shares of Amphenol from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday. Finally, The Goldman Sachs Group reduced their price target on shares of Amphenol from $89.00 to $72.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Four equities 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $79.40.

Amphenol Stock Up 0.6 %

Shares of APH stock traded up $0.36 on Friday, hitting $65.13. The company's stock had a trading volume of 6,052,594 shares, compared to its average volume of 7,412,657. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock has a market capitalization of $78.93 billion, a price-to-earnings ratio of 34.01, a P/E/G ratio of 1.92 and a beta of 1.17. Amphenol Co. has a fifty-two week low of $54.72 and a fifty-two week high of $79.39. The firm's fifty day moving average price is $65.39 and its 200-day moving average price is $68.68.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping 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 firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the company earned $0.82 EPS. The company's revenue for the quarter was up 29.8% on a year-over-year basis. Research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were given a $0.165 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.01%. Amphenol's dividend 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.