Prudential Financial Inc. Raises Stake in Amphenol Co. (NYSE:APH)

Prudential Financial Inc. raised its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,321,938 shares of the electronics maker's stock after acquiring an additional 33,220 shares during the period. Prudential Financial Inc. owned approximately 0.11% of Amphenol worth $91,809,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Amphenol by 208.8% in the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock valued at $1,765,000 after buying an additional 18,322 shares during the period. Spire Wealth Management raised its holdings in shares of Amphenol by 34.1% in 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. Daiwa Securities Group Inc. lifted its stake in Amphenol by 50.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker's stock valued at $17,477,000 after purchasing an additional 90,450 shares during the last quarter. Consolidated Planning Corp lifted its position in shares of Amphenol by 37.0% in the fourth quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock valued at $1,192,000 after buying an additional 4,631 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its holdings in shares of Amphenol by 11.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,682,734 shares of the electronics maker's stock worth $109,647,000 after acquiring an additional 177,510 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Bank of America raised their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Citigroup boosted their price target on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, January 17th. The Goldman Sachs Group raised their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, Truist Financial lifted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Five research 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $80.68.

Amphenol Price Performance

Shares of Amphenol stock traded down $1.61 during trading on Friday, hitting $66.56. The stock had a trading volume of 9,489,747 shares, compared to its average volume of 7,253,184. The firm has a market cap of $80.66 billion, a price-to-earnings ratio of 34.76, a P/E/G ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 12 month low of $54.72 and a 12 month high of $79.39. The business's 50-day moving average is $67.86 and its 200 day moving average is $68.78. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results 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. The firm 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 company's revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 EPS. As a group, sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is currently 34.55%.

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.