Norges Bank Purchases New Shares in Amphenol Co. (NYSE:APH)

Norges Bank bought a new position in shares of Amphenol Co. (NYSE:APH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 19,853,043 shares of the electronics maker's stock, valued at approximately $1,378,794,000. Norges Bank owned about 1.65% of Amphenol as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APH. Blue Trust Inc. raised its position in shares of Amphenol by 208.8% during the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock worth $1,765,000 after acquiring an additional 18,322 shares during the last quarter. Spire Wealth Management increased its position in Amphenol by 34.1% during the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock valued at $6,836,000 after purchasing an additional 25,007 shares during the period. Consolidated Planning Corp raised its holdings in Amphenol by 37.0% during the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock worth $1,192,000 after purchasing an additional 4,631 shares during the last quarter. Glenmede Trust Co. NA lifted its position in shares of Amphenol by 11.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,682,734 shares of the electronics maker's stock worth $109,647,000 after purchasing an additional 177,510 shares during the period. Finally, Pines Wealth Management LLC bought a new stake in shares of Amphenol in the 4th quarter valued at $553,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Remove Ads

Amphenol Stock Down 1.5 %

NYSE APH traded down $1.02 during mid-day trading on Monday, hitting $65.57. The company's stock had a trading volume of 2,568,132 shares, compared to its average volume of 7,235,347. 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 company's 50 day simple moving average is $67.86 and its 200 day simple moving average is $68.83. Amphenol Co. has a twelve month low of $54.72 and a twelve month high of $79.39. The firm has a market capitalization of $79.45 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 1.92 and a beta of 1.25.

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

Amphenol Dividend Announcement

The business 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 dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. Amphenol's payout ratio is 34.55%.

Amphenol 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.