Stevens Capital Management LP Takes $374,000 Position in Amphenol Co. (NYSE:APH)

Stevens Capital Management LP acquired a new stake in Amphenol Co. (NYSE:APH) in the 4th quarter, Holdings Channel reports. The fund acquired 5,386 shares of the electronics maker’s stock, valued at approximately $374,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swedbank AB boosted its holdings in Amphenol by 38.5% during the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock worth $234,592,000 after buying an additional 1,000,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Amphenol by 26.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,284 shares of the electronics maker’s stock worth $3,798,000 after buying an additional 12,345 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Amphenol by 40.3% during the third quarter. Intech Investment Management LLC now owns 32,580 shares of the electronics maker’s stock worth $2,123,000 after buying an additional 9,355 shares in the last quarter. Nwam LLC bought a new stake in Amphenol during the third quarter worth approximately $229,000. Finally, Cerity Partners LLC boosted its holdings in Amphenol by 484.0% during the third quarter. Cerity Partners LLC now owns 1,201,040 shares of the electronics maker’s stock worth $78,260,000 after buying an additional 995,393 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Trading Up 0.6 %

Amphenol stock opened at $66.78 on Monday. The company’s fifty day simple moving average is $68.01 and its 200-day simple moving average is $68.57. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 12 month low of $54.72 and a 12 month high of $79.39. The stock has a market cap of $80.92 billion, a P/E ratio of 34.87, a P/E/G ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (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 in the previous year, the business earned $0.82 EPS. Amphenol’s quarterly revenue was up 29.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Amphenol Co. will post 2.36 EPS 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 paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is presently 34.55%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Citigroup lifted their price objective 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. Truist Financial lifted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group lifted their price objective 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. Finally, Bank of America lifted their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.