Amphenol Co. (NYSE:APH) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its position in Amphenol Co. (NYSE:APH) by 162.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,915 shares of the electronics maker’s stock after buying an additional 8,615 shares during the period. D.A. Davidson & CO.’s holdings in Amphenol were worth $966,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. CIBC Asset Management Inc lifted its stake in shares of Amphenol by 4.1% during the fourth quarter. CIBC Asset Management Inc now owns 213,401 shares of the electronics maker’s stock worth $14,821,000 after purchasing an additional 8,490 shares in the last quarter. Highview Capital Management LLC DE increased its stake in Amphenol by 4.1% during the 4th quarter. Highview Capital Management LLC DE now owns 16,565 shares of the electronics maker’s stock worth $1,150,000 after buying an additional 653 shares during the period. Principal Financial Group Inc. lifted its holdings in Amphenol by 0.3% in the 4th quarter. Principal Financial Group Inc. now owns 2,598,845 shares of the electronics maker’s stock worth $180,490,000 after buying an additional 7,522 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Amphenol during the fourth quarter worth about $28,000. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of Amphenol by 53.2% in the fourth quarter. J.W. Cole Advisors Inc. now owns 5,644 shares of the electronics maker’s stock worth $392,000 after acquiring an additional 1,961 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Down 2.6 %

NYSE:APH opened at $67.58 on Monday. 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 stock has a 50 day moving average of $70.73 and a 200-day moving average of $68.74. The firm has a market capitalization of $81.84 billion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23. Amphenol Co. has a 52 week low of $52.89 and a 52 week high of $79.39.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period last year, the company earned $0.82 earnings per share. Analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.98%. Amphenol’s payout ratio is 34.46%.

Analysts Set New Price Targets

A number of brokerages have weighed in on APH. Robert W. Baird raised their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Truist Financial increased their price objective 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. Citigroup boosted their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group increased their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Five 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 MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

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.