Amphenol Co. (NYSE:APH) Shares Bought by Phoenix Financial Ltd.

Phoenix Financial Ltd. lifted its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 203.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,632 shares of the electronics maker's stock after acquiring an additional 13,825 shares during the period. Phoenix Financial Ltd.'s holdings in Amphenol were worth $1,434,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on APH shares. Citigroup reduced their price target on shares of Amphenol from $89.00 to $75.00 and set a "buy" rating for the company in a research report on Monday. UBS Group lowered their price target on shares of Amphenol from $90.00 to $78.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group decreased their price objective on shares of Amphenol from $89.00 to $72.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Truist Financial increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Finally, Robert W. Baird lifted their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $79.90.

Amphenol Trading Down 0.7 %

Amphenol stock traded down $0.45 during trading hours on Wednesday, reaching $65.31. The stock had a trading volume of 1,636,873 shares, compared to its average volume of 7,389,231. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39. The stock has a market cap of $79.14 billion, a PE ratio of 34.10, a PEG ratio of 1.92 and a beta of 1.17. The company has a fifty day simple moving average of $65.72 and a 200-day simple moving average of $68.70.

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

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. Amphenol's dividend payout ratio (DPR) is 34.55%.

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.