Colonial River Investments LLC Boosts Stock Position in Amphenol Co. (NYSE:APH)

Colonial River Investments LLC grew its stake in shares of Amphenol Co. (NYSE:APH) by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,313 shares of the electronics maker’s stock after buying an additional 625 shares during the period. Colonial River Investments LLC’s holdings in Amphenol were worth $369,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in APH. Swedbank AB lifted its position in shares of Amphenol by 38.5% during the 3rd quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock valued at $234,592,000 after buying an additional 1,000,000 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Amphenol by 5.6% during the 3rd quarter. Private Advisor Group LLC now owns 39,185 shares of the electronics maker’s stock valued at $2,553,000 after buying an additional 2,061 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Amphenol during the 3rd quarter valued at approximately $81,670,000. Dakota Wealth Management raised its stake in Amphenol by 8.6% during the 3rd quarter. Dakota Wealth Management now owns 39,049 shares of the electronics maker’s stock valued at $2,544,000 after purchasing an additional 3,076 shares during the period. Finally, Silver Oak Securities Incorporated bought a new stake in Amphenol during the 3rd quarter valued at approximately $514,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on APH. The Goldman Sachs Group lifted their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Citigroup lifted their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Bank of America lifted their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird lifted their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Performance

NYSE:APH opened at $67.58 on Monday. The company has a market cap of $81.84 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.97 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock’s 50 day simple moving average is $70.73 and its two-hundred day simple moving average is $68.74. Amphenol Co. has a 1 year low of $52.89 and a 1 year high of $79.39.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS. As a group, equities analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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

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.