Amphenol Co. (NYSE:APH) Position Lifted by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its holdings in shares of Amphenol Co. (NYSE:APH) by 3.3% in the fourth quarter, HoldingsChannel reports. The fund owned 474,956 shares of the electronics maker’s stock after buying an additional 15,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Amphenol were worth $32,986,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in APH. Sierra Ocean LLC acquired a new position in Amphenol in the 4th quarter valued at approximately $28,000. Hanson & Doremus Investment Management acquired a new stake in Amphenol in the fourth quarter valued at $32,000. Continuum Advisory LLC lifted its position in Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 234 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares during the period. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of Amphenol during the fourth quarter worth $49,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Price Performance

Amphenol stock opened at $66.07 on Thursday. 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 company’s fifty day moving average price is $70.30 and its 200 day moving average price is $68.77. The stock has a market capitalization of $80.02 billion, a P/E ratio of 34.50, a P/E/G ratio of 1.92 and a beta of 1.23. Amphenol Co. has a 1 year low of $53.76 and a 1 year high of $79.39.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company’s revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 earnings per share. As a group, equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.00%. Amphenol’s dividend payout ratio is presently 34.46%.

Analysts Set New Price Targets

APH has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Citigroup boosted their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Bank of America increased their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Truist Financial lifted their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Robert W. Baird raised their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

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.