Rockefeller Capital Management L.P. Has $20.55 Million Position in Amphenol Co. (NYSE:APH)

Rockefeller Capital Management L.P. boosted its position in Amphenol Co. (NYSE:APH - Free Report) by 38.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 294,987 shares of the electronics maker's stock after acquiring an additional 82,375 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Amphenol were worth $20,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Amphenol by 208.8% during the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock worth $1,765,000 after purchasing an additional 18,322 shares in the last quarter. Spire Wealth Management increased its position in shares of Amphenol by 34.1% in the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock worth $6,836,000 after acquiring an additional 25,007 shares in the last quarter. Consolidated Planning Corp raised its stake in shares of Amphenol by 37.0% in the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock valued at $1,192,000 after acquiring an additional 4,631 shares during the period. Pines Wealth Management LLC acquired a new position in shares of Amphenol during the 4th quarter valued at $553,000. Finally, Kanawha Capital Management LLC boosted its position in Amphenol by 4.5% during the 4th quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock worth $10,547,000 after purchasing an additional 6,481 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on APH. Robert W. Baird raised their price objective on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on Amphenol from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday. UBS Group dropped their price objective on shares of Amphenol from $90.00 to $78.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Bank of America upped their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Finally, Truist Financial lifted their price target 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. Four 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $79.40.

Amphenol Price Performance

Amphenol stock traded up $0.36 during midday trading on Friday, hitting $65.13. The company's stock had a trading volume of 6,052,594 shares, compared to its average volume of 7,412,657. Amphenol Co. has a 12 month low of $54.72 and a 12 month high of $79.39. 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 stock's 50-day moving average price is $65.39 and its 200-day moving average price is $68.68. The company has a market capitalization of $78.93 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results 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. 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 analysts' expectations of $4.05 billion. During the same quarter in the prior year, the company earned $0.82 earnings per share. The firm's revenue was up 29.8% on a year-over-year basis. Analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Tuesday, March 18th. Amphenol's dividend payout ratio 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.