Amphenol Co. (NYSE:APH) Shares Acquired by Torray Investment Partners LLC

Torray Investment Partners LLC raised its holdings in shares of Amphenol Co. (NYSE:APH) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,578 shares of the electronics maker’s stock after purchasing an additional 1,551 shares during the period. Torray Investment Partners LLC’s holdings in Amphenol were worth $7,332,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. raised its stake in Amphenol by 89.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after acquiring an additional 2,032,402 shares during the period. Two Sigma Advisers LP bought a new stake in shares of Amphenol in the 3rd quarter worth approximately $113,828,000. Los Angeles Capital Management LLC boosted its position in Amphenol by 3,103.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker’s stock valued at $116,995,000 after purchasing an additional 1,632,014 shares during the period. State Street Corp grew its stake in Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after buying an additional 1,537,880 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in Amphenol by 151.7% in the third quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker’s stock worth $144,047,000 after buying an additional 1,332,298 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Trading Down 5.0 %

Shares of NYSE:APH opened at $63.25 on Tuesday. The stock has a market capitalization of $76.60 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 1.92 and a beta of 1.23. Amphenol Co. has a 1-year low of $54.27 and a 1-year high of $79.39. The company has a 50 day moving average price of $69.97 and a 200 day moving average price of $68.81. 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 (NYSE:APH) last issued its 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. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business 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 firm posted $0.82 EPS. The company’s quarterly revenue was up 29.8% on a year-over-year basis. On average, research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is 34.55%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on APH. Bank of America upped their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. 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 note on Thursday, January 23rd. Citigroup raised 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, Truist Financial raised their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Five 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 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.