PNC Financial Services Group Inc. Has $88.86 Million Stock Holdings in Amphenol Co. (NYSE:APH)

PNC Financial Services Group Inc. increased its holdings in shares of Amphenol Co. (NYSE:APH) by 2.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,279,408 shares of the electronics maker’s stock after purchasing an additional 36,032 shares during the period. PNC Financial Services Group Inc.’s holdings in Amphenol were worth $88,855,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Tacita Capital Inc grew its position in Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new position in Amphenol in the 4th quarter valued at approximately $28,000. Brown Brothers Harriman & Co. raised its position in Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares during the last quarter. Continuum Advisory LLC grew its position in shares of Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares during the last quarter. Finally, Hanson & Doremus Investment Management acquired a new stake in Amphenol during the 4th quarter valued at approximately $32,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Performance

Shares of APH opened at $62.99 on Friday. Amphenol Co. has a 12-month low of $54.27 and a 12-month high of $79.39. The company has a market cap of $76.28 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. 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 price of $69.31 and a 200-day moving average price of $68.70.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter last year, the business posted $0.82 earnings per share. As a group, equities analysts forecast 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. 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 dividend on an annualized basis and a dividend yield of 1.05%. Amphenol’s payout ratio is 34.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on APH shares. Robert W. Baird raised their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group increased their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Bank of America lifted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Finally, Citigroup boosted their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.