APG Asset Management N.V. Boosts Stock Position in Amphenol Co. (NYSE:APH)

APG Asset Management N.V. raised its holdings in shares of Amphenol Co. (NYSE:APH) by 67.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,582,231 shares of the electronics maker’s stock after purchasing an additional 634,952 shares during the quarter. APG Asset Management N.V.’s holdings in Amphenol were worth $106,119,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tacita Capital Inc lifted its holdings in Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after buying an additional 296 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Amphenol in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC bought a new position in Amphenol in the fourth quarter worth approximately $28,000. Rakuten Securities Inc. increased its holdings in Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol in the 4th quarter worth $32,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Up 2.9 %

NYSE:APH opened at $60.79 on Tuesday. 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 $54.72 and a twelve month high of $79.39. The company has a market cap of $73.66 billion, a PE ratio of 31.74, a P/E/G ratio of 1.92 and a beta of 1.17. The company’s 50 day moving average is $66.64 and its two-hundred day moving average is $68.82.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. Analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders 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 1.09%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is 34.55%.

Analyst Ratings Changes

APH has been the subject of a number of research reports. Truist Financial upped their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Robert W. Baird lifted their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Citigroup increased their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. The Goldman Sachs Group boosted their price target on 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 raised their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.