Renaissance Group LLC Has $36.72 Million Holdings in Amphenol Co. (NYSE:APH)

Renaissance Group LLC cut its position in Amphenol Co. (NYSE:APH - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 528,653 shares of the electronics maker's stock after selling 15,897 shares during the period. Amphenol accounts for about 1.5% of Renaissance Group LLC's investment portfolio, making the stock its 16th biggest position. Renaissance Group LLC's holdings in Amphenol were worth $36,715,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC grew its position in 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 acquiring an additional 136 shares during the last quarter. WASHINGTON TRUST Co boosted its stake in Amphenol by 23.0% in the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock worth $55,000 after purchasing an additional 147 shares in the last quarter. Fragasso Financial Advisors Inc grew its holdings in shares of Amphenol by 4.7% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock worth $266,000 after purchasing an additional 171 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Amphenol by 3.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock valued at $381,000 after buying an additional 173 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its holdings in shares of Amphenol by 3.5% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock valued at $363,000 after buying an additional 177 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Amphenol Trading Up 2.0 %

Shares of APH stock traded up $1.26 on Friday, reaching $65.39. The company had a trading volume of 6,469,069 shares, compared to its average volume of 7,409,492. The stock has a market cap of $79.23 billion, a PE ratio of 34.14, a PEG ratio of 1.92 and a beta of 1.17. The company has a 50-day moving average of $65.88 and a 200-day moving average of $68.71. 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 Co. has a 12 month low of $54.72 and a 12 month high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS 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 firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The business's quarterly revenue was up 29.8% on a year-over-year basis. On average, equities analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm 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. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is presently 34.55%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on APH shares. The Goldman Sachs Group lowered their price objective on shares of Amphenol from $89.00 to $72.00 and set a "buy" rating for the company in a research report on Thursday. Bank of America boosted 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 increased their price objective 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. boosted their target price on Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Finally, UBS Group decreased their price target on Amphenol from $90.00 to $78.00 and set a "buy" rating on the stock in a report on Thursday. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.60.

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.