Amphenol Co. (NYSE:APH) Shares Bought by Norden Group LLC

Norden Group LLC raised its holdings in Amphenol Co. (NYSE:APH) by 14.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 9,444 shares of the electronics maker’s stock after acquiring an additional 1,177 shares during the period. Norden Group LLC’s holdings in Amphenol were worth $656,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of APH. Sierra Ocean LLC acquired a new position in Amphenol in the 4th quarter valued at $28,000. Brown Brothers Harriman & Co. raised its holdings in Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares during the last quarter. Continuum Advisory LLC raised its holdings in 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 acquiring an additional 234 shares during the last quarter. Hanson & Doremus Investment Management acquired a new position in Amphenol in the 4th quarter valued at $32,000. Finally, Endeavor Private Wealth Inc. acquired a new position in Amphenol in the 4th quarter valued at $49,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Down 5.0 %

Shares of Amphenol stock opened at $63.25 on Tuesday. The company has a fifty day moving average price of $69.97 and a 200 day moving average price of $68.81. 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 Co. has a twelve month low of $54.27 and a twelve month high of $79.39. The stock has a market cap of $76.60 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 EPS. Equities research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given 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 yield of 1.04%. Amphenol’s payout ratio is currently 34.55%.

Analysts Set New Price Targets

Several research analysts have weighed in on APH shares. Robert W. Baird boosted their price target on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Citigroup upped their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. 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 report on Thursday, January 23rd. Bank of America upped their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Company 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.