MetLife Investment Management LLC Acquires 4,928 Shares of Amphenol Co. (NYSE:APH)

MetLife Investment Management LLC grew its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 349,032 shares of the electronics maker's stock after purchasing an additional 4,928 shares during the period. MetLife Investment Management LLC's holdings in Amphenol were worth $24,240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of APH. Tacita Capital Inc grew its holdings 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 acquiring an additional 296 shares during the period. Sierra Ocean LLC bought a new stake in shares of Amphenol during the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new stake in Amphenol in the fourth quarter worth $28,000. Rakuten Securities Inc. lifted its position in Amphenol by 703.8% during 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 during the period. Finally, Hanson & Doremus Investment Management purchased a new position in Amphenol during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

APH traded down $0.56 during midday trading on Friday, reaching $75.47. The company had a trading volume of 7,760,472 shares, compared to its average volume of 7,452,297. The business has a 50-day moving average of $65.39 and a two-hundred day moving average of $68.87. The company has a market cap of $91.45 billion, a P/E ratio of 39.37, a P/E/G ratio of 1.92 and a beta of 1.17. 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 Co. has a 1 year low of $54.77 and a 1 year high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. During the same quarter last year, the business earned $0.40 EPS. As a group, equities research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is presently 34.55%.

Analysts Set New Price Targets

APH has been the subject of a number of analyst reports. Truist Financial raised their price objective on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday. Citigroup lifted their target price on Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday. US Capital Advisors set a $85.00 price target on Amphenol in a report on Thursday. Finally, UBS Group reiterated a "buy" rating and issued a $85.00 price objective (up from $78.00) on shares of Amphenol in a report on Thursday. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amphenol currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.58.

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.