New York State Common Retirement Fund Buys 71,737 Shares of Amphenol Co. (NYSE:APH)

New York State Common Retirement Fund lifted its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 3.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,916,741 shares of the electronics maker's stock after purchasing an additional 71,737 shares during the period. New York State Common Retirement Fund owned 0.16% of Amphenol worth $133,118,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in 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 last quarter. Geode Capital Management LLC boosted its holdings in Amphenol by 2.3% in the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker's stock valued at $1,601,540,000 after acquiring an additional 564,991 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Amphenol by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker's stock valued at $427,363,000 after acquiring an additional 63,180 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Amphenol by 25.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker's stock valued at $347,297,000 after acquiring an additional 1,073,480 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Amphenol by 89.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker's stock valued at $280,397,000 after acquiring an additional 2,032,402 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

APH has been the topic of several recent research reports. JPMorgan Chase & Co. raised 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. TD Cowen increased their target price on Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research note on Friday, October 25th. The Goldman Sachs Group increased their target price on Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Bank of America increased their target price on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Finally, Citigroup increased their target price on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Amphenol presently has an average rating of "Moderate Buy" and a consensus price target of $80.68.

Amphenol Stock Down 2.6 %

Shares of NYSE APH traded down $1.80 during mid-day trading on Friday, reaching $67.58. 8,015,000 shares of the company's stock were exchanged, compared to its average volume of 7,469,862. The firm has a market capitalization of $81.84 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.97 and a beta of 1.23. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $70.73 and a 200 day simple moving average of $68.68. Amphenol Co. has a twelve month low of $52.89 and a twelve month high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts' consensus estimates 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 quarter last year, the firm posted $0.82 earnings per share. Amphenol's revenue was up 29.8% compared to the same quarter last year. As a group, equities analysts expect 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. Investors of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Tuesday, March 18th. Amphenol's dividend payout ratio is presently 34.46%.

Amphenol Company Profile

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.