Okabena Investment Services Inc. grew its stake in Amphenol Co. (NYSE:APH - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,596 shares of the electronics maker's stock after purchasing an additional 5,000 shares during the quarter. Okabena Investment Services Inc.'s holdings in Amphenol were worth $2,264,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. Allianz SE bought a new position in Amphenol during the fourth quarter worth $2,833,000. Allstate Corp bought a new position in shares of Amphenol in the 4th quarter worth about $2,467,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Amphenol by 131.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,154 shares of the electronics maker's stock valued at $80,000 after buying an additional 656 shares during the period. Gardner Lewis Asset Management L P bought a new stake in shares of Amphenol during the 4th quarter valued at about $1,270,000. Finally, Orion Portfolio Solutions LLC raised its stake in Amphenol by 1.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 157,430 shares of the electronics maker's stock worth $10,934,000 after acquiring an additional 1,919 shares during the period. Institutional investors own 97.01% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. The Goldman Sachs Group upped their target price on Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Citigroup upped their price objective on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Robert W. Baird raised their target price on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Truist Financial upped their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, Bank of America lifted their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $80.68.
View Our Latest Stock Report on Amphenol
Amphenol Price Performance
APH traded up $1.19 during trading on Wednesday, reaching $67.26. The stock had a trading volume of 2,568,826 shares, compared to its average volume of 8,070,899. 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 firm has a market capitalization of $81.50 billion, a price-to-earnings ratio of 35.12, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The stock has a 50 day moving average of $67.65 and a two-hundred day moving average of $68.86. Amphenol Co. has a 1-year low of $54.72 and a 1-year high of $79.39.
Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the firm posted $0.82 EPS. The business's revenue for the quarter was up 29.8% on a year-over-year basis. As a group, equities analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.
Amphenol Announces Dividend
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 issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol's payout ratio is 34.55%.
About Amphenol
(
Free Report)
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.
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