Price T Rowe Associates Inc. MD Acquires 15,837,407 Shares of Amphenol Co. (NYSE:APH)

Price T Rowe Associates Inc. MD increased its stake in Amphenol Co. (NYSE:APH) by 36.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,911,813 shares of the electronics maker’s stock after acquiring an additional 15,837,407 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Amphenol were worth $4,091,426,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of APH. Tacita Capital Inc raised its holdings in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 296 shares during the period. Sierra Ocean LLC bought a new stake in Amphenol in the 4th quarter valued at about $28,000. Rialto Wealth Management LLC acquired a new position in Amphenol during the 4th quarter worth approximately $28,000. Rakuten Securities Inc. boosted its holdings in Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management acquired a new stake in Amphenol in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup cut their target price on Amphenol from $89.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. decreased their target price on shares of Amphenol from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Robert W. Baird raised their price target 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 price target on Amphenol from $89.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, UBS Group lowered their price objective on Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.40.

Amphenol Trading Up 3.7 %

NYSE APH opened at $65.92 on Wednesday. The business’s fifty day moving average is $65.20 and its 200-day moving average is $68.76. 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 has a market capitalization of $79.88 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 1.92 and a beta of 1.17. Amphenol Co. has a one year low of $54.77 and a one 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 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 analysts’ expectations of $4.05 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The company’s quarterly revenue was up 29.8% on a year-over-year basis. Equities research analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is 34.55%.

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.