Generali Asset Management SPA SGR Takes Position in Amphenol Co. (NYSE:APH)

Generali Asset Management SPA SGR purchased a new position in Amphenol Co. (NYSE:APH) during the fourth quarter, Holdings Channel reports. The fund purchased 45,492 shares of the electronics maker’s stock, valued at approximately $3,159,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APH. Swedbank AB grew its stake in shares of Amphenol by 38.5% in the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock worth $234,592,000 after purchasing an additional 1,000,000 shares during the last quarter. Caprock Group LLC grew its position in shares of Amphenol by 3.4% in the 3rd quarter. Caprock Group LLC now owns 30,884 shares of the electronics maker’s stock worth $2,018,000 after buying an additional 1,013 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of Amphenol by 31.3% during the third quarter. Meeder Asset Management Inc. now owns 1,113 shares of the electronics maker’s stock valued at $73,000 after buying an additional 265 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Amphenol by 0.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,243,376 shares of the electronics maker’s stock valued at $81,018,000 after acquiring an additional 7,521 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in Amphenol in the third quarter worth $4,573,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Trading Up 5.8 %

Shares of APH stock opened at $67.53 on Thursday. 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 12-month low of $54.72 and a 12-month high of $79.39. The stock has a market capitalization of $81.79 billion, a P/E ratio of 35.27, a P/E/G ratio of 1.92 and a beta of 1.25. The firm’s 50 day moving average is $68.19 and its 200 day moving average is $68.50.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The business 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 earnings per share. Research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid 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 of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio is presently 34.55%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Amphenol from $79.00 to $89.00 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. Robert W. Baird upped 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. Bank of America raised 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, Citigroup increased 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. Five investment 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 company currently has a consensus rating of “Moderate Buy” and an average 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.