Voya Investment Management LLC Grows Position in Amphenol Co. (NYSE:APH)

Voya Investment Management LLC grew its stake in Amphenol Co. (NYSE:APH) by 25.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,809,203 shares of the electronics maker’s stock after buying an additional 980,319 shares during the quarter. Voya Investment Management LLC’s holdings in Amphenol were worth $333,999,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Tacita Capital Inc raised its stake 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 period. Sierra Ocean LLC bought a new position in Amphenol in the 4th quarter worth $28,000. Rialto Wealth Management LLC bought a new stake in Amphenol during the fourth quarter valued at about $28,000. Rakuten Securities Inc. raised its stake in Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new position in Amphenol in the 4th quarter worth approximately $32,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Amphenol stock opened at $71.13 on Thursday. The firm has a market capitalization of $86.19 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $79.39. The firm has a 50-day moving average price of $65.24 and a 200-day moving average price of $68.78. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. During the same quarter in the prior year, the firm posted $0.40 earnings per share. As a group, equities research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.93%. Amphenol’s dividend payout ratio is currently 34.55%.

Analysts Set New Price Targets

Several research firms have recently issued reports on APH. The Goldman Sachs Group reduced their price objective on shares of Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Bank of America increased their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Robert W. Baird lifted their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on Amphenol from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average price target of $79.40.

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.