Principal Financial Group Inc. Acquires 7,522 Shares of Amphenol Co. (NYSE:APH)

Principal Financial Group Inc. lifted its holdings in Amphenol Co. (NYSE:APH) by 0.3% in the 4th quarter, Holdings Channel reports. The firm owned 2,598,845 shares of the electronics maker’s stock after acquiring an additional 7,522 shares during the period. Principal Financial Group Inc.’s holdings in Amphenol were worth $180,490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sierra Ocean LLC bought a new position in Amphenol during the 4th quarter valued at about $28,000. J.W. Cole Advisors Inc. raised its holdings in shares of Amphenol by 53.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 5,644 shares of the electronics maker’s stock valued at $392,000 after purchasing an additional 1,961 shares during the last quarter. Principal Securities Inc. lifted its position in Amphenol by 44.3% during the fourth quarter. Principal Securities Inc. now owns 18,166 shares of the electronics maker’s stock valued at $1,262,000 after purchasing an additional 5,574 shares during the period. Next Level Wealth Planning LLC purchased a new stake in Amphenol in the fourth quarter worth approximately $306,000. Finally, Montag A & Associates Inc. grew its position in Amphenol by 53.9% in the 4th quarter. Montag A & Associates Inc. now owns 70,734 shares of the electronics maker’s stock worth $4,924,000 after purchasing an additional 24,775 shares during the period. 97.01% of the stock is owned by institutional investors.

Amphenol Price Performance

NYSE:APH opened at $68.88 on Tuesday. The stock has a market cap of $83.05 billion, a PE ratio of 35.97, a P/E/G ratio of 1.99 and a beta of 1.23. 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 business’s 50-day simple moving average is $71.18 and its two-hundred day simple moving average is $68.42. Amphenol Co. has a 52 week low of $52.06 and a 52 week high of $79.39.

Amphenol (NYSE:APH) last posted its quarterly 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 business had revenue of $4.32 billion during 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 firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. As a group, analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is currently 34.46%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Robert W. Baird raised their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Citigroup boosted their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Truist Financial upped their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

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.