Amphenol Co. (NYSE:APH) Shares Bought by Zacks Investment Management

Zacks Investment Management raised its holdings in Amphenol Co. (NYSE:APH - Free Report) by 23.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,064 shares of the electronics maker's stock after buying an additional 17,756 shares during the quarter. Zacks Investment Management's holdings in Amphenol were worth $6,463,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd purchased a new position in shares of Amphenol in the 3rd quarter worth $325,000. Virtu Financial LLC acquired a new position in shares of Amphenol in the 3rd quarter valued at about $582,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Amphenol during the 3rd quarter worth about $2,277,000. Tidal Investments LLC increased its position in Amphenol by 464.6% during the 3rd quarter. Tidal Investments LLC now owns 396,066 shares of the electronics maker's stock worth $25,808,000 after purchasing an additional 325,912 shares in the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new position in Amphenol in the third quarter valued at approximately $9,614,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APH has been the subject of several recent research reports. Truist Financial increased their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Citigroup lowered their price target on Amphenol from $89.00 to $75.00 and set a "buy" rating for the company in a report on Monday, April 14th. Bank of America boosted their price objective on 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 dropped their target price on Amphenol from $89.00 to $72.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Robert W. Baird lifted their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amphenol has an average rating of "Moderate Buy" and an average target price of $79.40.

Amphenol Stock Performance

APH stock traded up $0.36 during midday trading on Friday, reaching $65.13. The company had a trading volume of 6,052,594 shares, compared to its average volume of 7,412,154. The firm has a market capitalization of $78.93 billion, a PE ratio of 34.01, a P/E/G ratio of 1.92 and a beta of 1.17. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week 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 has a 50 day moving average price of $65.39 and a 200 day moving average price of $68.73.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol's quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. Analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is 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.