Zeno Equity Partners LLP Invests $11.36 Million in Amphenol Co. (NYSE:APH)

Zeno Equity Partners LLP purchased a new position in Amphenol Co. (NYSE:APH - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 163,269 shares of the electronics maker's stock, valued at approximately $11,359,000. Amphenol accounts for about 3.4% of Zeno Equity Partners LLP's portfolio, making the stock its 11th largest position.

Several other institutional investors have also added to or reduced their stakes in the business. Vinva Investment Management Ltd increased its stake in shares of Amphenol by 20.0% in the fourth quarter. Vinva Investment Management Ltd now owns 55,792 shares of the electronics maker's stock worth $3,878,000 after purchasing an additional 9,307 shares in the last quarter. Platinum Investment Management Ltd. purchased a new stake in shares of Amphenol in the fourth quarter worth $589,000. Fox Hill Wealth Management increased its stake in shares of Amphenol by 2.2% in the fourth quarter. Fox Hill Wealth Management now owns 35,247 shares of the electronics maker's stock worth $2,448,000 after purchasing an additional 758 shares in the last quarter. Xponance Inc. increased its stake in shares of Amphenol by 2.2% in the fourth quarter. Xponance Inc. now owns 229,154 shares of the electronics maker's stock worth $15,915,000 after purchasing an additional 5,014 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of Amphenol by 1.0% in the fourth quarter. Intech Investment Management LLC now owns 32,905 shares of the electronics maker's stock worth $2,285,000 after purchasing an additional 325 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of brokerages have recently issued reports on APH. The Goldman Sachs Group increased their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Robert W. Baird raised their target price 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. Citigroup raised their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, January 17th. 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Five 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $80.68.

Amphenol Price Performance

APH stock traded up $0.42 during trading on Friday, hitting $66.78. 11,824,135 shares of the company's stock traded hands, compared to its average volume of 6,943,088. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The business has a fifty day simple moving average of $68.01 and a 200 day simple moving average of $68.57. The stock has a market capitalization of $80.88 billion, a price-to-earnings ratio of 34.87, a P/E/G ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data 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 business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the business earned $0.82 earnings per share. Amphenol's quarterly revenue was up 29.8% compared to the same quarter last year. As a group, research analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.99%. Amphenol's dividend payout ratio (DPR) is presently 34.55%.

Amphenol 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.