Capital Research Global Investors Raises Stake in Amphenol Co. (NYSE:APH)

Capital Research Global Investors grew its stake in shares of Amphenol Co. (NYSE:APH) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,242,090 shares of the electronics maker’s stock after buying an additional 4,021 shares during the period. Capital Research Global Investors’ holdings in Amphenol were worth $294,613,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Tacita Capital Inc increased its holdings 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 shares of Amphenol in the fourth quarter worth $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol in the fourth quarter worth $28,000. Rakuten Securities Inc. boosted its stake in Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after buying an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new position in Amphenol during the fourth quarter worth about $32,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Performance

NYSE:APH opened at $65.13 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $79.39. The firm has a market cap of $78.93 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The business has a 50 day moving average price of $65.39 and a 200-day moving average price of $68.73.

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

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were given 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 dividend yield of 1.01%. Amphenol’s dividend payout ratio is currently 34.55%.

Analyst Ratings Changes

A number of analysts have recently issued reports on APH shares. Truist Financial lifted their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Bank of America boosted their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Robert W. Baird raised their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group cut their target price on shares of Amphenol from $89.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. lowered their price target on Amphenol from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday. Four 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.40.

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.