Townsquare Capital LLC Purchases 34,160 Shares of Amphenol Co. (NYSE:APH)

Townsquare Capital LLC raised its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 35.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 131,070 shares of the electronics maker's stock after purchasing an additional 34,160 shares during the quarter. Townsquare Capital LLC's holdings in Amphenol were worth $9,103,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Amphenol by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock worth $10,565,279,000 after acquiring an additional 2,108,578 shares during the period. FMR LLC increased its stake in Amphenol by 2.6% in the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after buying an additional 2,643,752 shares in the last quarter. Geode Capital Management LLC raised its holdings in Amphenol by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock valued at $1,754,672,000 after acquiring an additional 659,560 shares during the period. Norges Bank bought a new position in shares of Amphenol in the fourth quarter worth about $1,378,794,000. Finally, Invesco Ltd. lifted its holdings in Amphenol by 1.2% in the 4th quarter. Invesco Ltd. now owns 9,057,928 shares of the electronics maker's stock worth $629,073,000 after purchasing an additional 107,482 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Trading Up 0.6 %

NYSE:APH traded up $0.36 during mid-day trading on Friday, hitting $65.13. 6,052,594 shares of the stock traded hands, compared to its average volume of 7,406,028. 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 has a market capitalization of $78.93 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39. The firm's 50 day moving average is $65.49 and its two-hundred day moving average is $68.67.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results 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 return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the company earned $0.82 EPS. Amphenol's quarterly revenue was up 29.8% compared to the same quarter last year. On average, equities research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were paid a $0.165 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. Amphenol's dividend payout ratio is currently 34.55%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on APH shares. Truist Financial raised their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Bank of America lifted their target price on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Robert W. Baird increased their price target on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lowered their target price on Amphenol from $89.00 to $72.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Citigroup decreased their price target on shares of Amphenol from $89.00 to $75.00 and set a "buy" rating on the stock in a research note on Monday. Four equities 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 stock. According to MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.40.

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.