Royal London Asset Management Ltd. Grows Stock Holdings in Amphenol Co. (NYSE:APH)

Royal London Asset Management Ltd. boosted its stake in Amphenol Co. (NYSE:APH - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 665,854 shares of the electronics maker's stock after acquiring an additional 37,706 shares during the period. Royal London Asset Management Ltd. owned 0.06% of Amphenol worth $46,244,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Swedbank AB raised its stake in shares of Amphenol by 38.5% during the 3rd quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker's stock valued at $234,592,000 after purchasing an additional 1,000,000 shares during the period. Caprock Group LLC increased its position in shares of Amphenol by 3.4% during the 3rd quarter. Caprock Group LLC now owns 30,884 shares of the electronics maker's stock valued at $2,018,000 after purchasing an additional 1,013 shares during the last quarter. Meeder Asset Management Inc. grew its position in Amphenol by 31.3% during the third quarter. Meeder Asset Management Inc. now owns 1,113 shares of the electronics maker's stock valued at $73,000 after acquiring an additional 265 shares during the last quarter. Strategy Asset Managers LLC bought a new position in shares of Amphenol during the 3rd quarter valued at $570,000. Finally, Commerce Bank grew its stake in shares of Amphenol by 5.0% during the third quarter. Commerce Bank now owns 184,712 shares of the electronics maker's stock valued at $12,036,000 after buying an additional 8,744 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on APH shares. Bank of America lifted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group upped their target price on Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Robert W. Baird lifted their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Citigroup lifted their price objective on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $80.68.

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Amphenol Stock Performance

Amphenol stock traded up $0.18 during trading on Tuesday, reaching $69.48. The company had a trading volume of 5,202,181 shares, compared to its average volume of 6,947,365. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The firm's 50-day simple moving average is $68.03 and its 200 day simple moving average is $68.63. The firm has a market capitalization of $84.19 billion, a price-to-earnings ratio of 36.28, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $4.05 billion. During the same period in the prior year, the company posted $0.82 earnings per share. The company's revenue for the quarter was up 29.8% compared to the same quarter last year. Sell-side analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.95%. The ex-dividend date is Tuesday, March 18th. Amphenol's payout ratio is currently 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.