Principal Financial Group Inc. Acquires 7,522 Shares of Amphenol Co. (NYSE:APH)

Principal Financial Group Inc. lifted its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,598,845 shares of the electronics maker's stock after purchasing an additional 7,522 shares during the period. Principal Financial Group Inc. owned 0.22% of Amphenol worth $180,490,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Princeton Global Asset Management LLC increased its stake in shares of Amphenol by 0.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock worth $1,634,000 after purchasing an additional 136 shares during the last quarter. WASHINGTON TRUST Co grew its stake in Amphenol by 23.0% in the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock valued at $55,000 after buying an additional 147 shares during the last quarter. Fortitude Family Office LLC grew its stake in Amphenol by 13.9% in the 3rd quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker's stock valued at $84,000 after buying an additional 158 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock valued at $32,000 after buying an additional 166 shares during the last quarter. Finally, Fragasso Financial Advisors Inc grew its stake in Amphenol by 4.7% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock valued at $266,000 after buying an additional 171 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Price Performance

Shares of Amphenol stock traded down $1.80 during midday trading on Friday, hitting $67.58. 8,015,000 shares of the company traded hands, compared to its average volume of 7,630,725. The stock has a market cap of $81.84 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.99 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The firm's fifty day moving average price is $70.73 and its 200-day moving average price is $68.62. Amphenol Co. has a 12 month low of $52.89 and a 12 month high of $79.39.

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 for the quarter, beating the consensus estimate 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 the consensus estimate of $4.05 billion. During the same quarter last year, the business posted $0.82 EPS. Amphenol's revenue for the quarter was up 29.8% on a year-over-year basis. As a group, sell-side analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is 34.46%.

Analyst Ratings Changes

A number of brokerages recently commented on APH. Citigroup upped their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, January 17th. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. TD Cowen raised their price objective on Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Bank of America lifted their price objective on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Finally, Truist Financial increased their target price on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $80.68.

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.