Amphenol Co. (NYSE:APH) Shares Purchased by Fiduciary Group LLC

Fiduciary Group LLC boosted its position in Amphenol Co. (NYSE:APH) by 10.2% in the 4th quarter, Holdings Channel reports. The firm owned 14,990 shares of the electronics maker’s stock after acquiring an additional 1,393 shares during the quarter. Fiduciary Group LLC’s holdings in Amphenol were worth $1,041,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in APH. Madison Investment Advisors LLC acquired a new position in Amphenol in the 4th quarter valued at $157,749,000. Jacobs Levy Equity Management Inc. increased its stake in shares of Amphenol by 89.5% in the 3rd 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 last quarter. Two Sigma Advisers LP acquired a new stake in shares of Amphenol in the 3rd quarter worth $113,828,000. Los Angeles Capital Management LLC increased its stake in shares of Amphenol by 3,103.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker’s stock worth $116,995,000 after acquiring an additional 1,632,014 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Amphenol in the 4th quarter worth $109,276,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Performance

Shares of Amphenol stock opened at $66.35 on Friday. The business has a 50-day moving average of $68.08 and a 200 day moving average of $68.48. 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 $80.35 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

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 company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. As a group, sell-side analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business 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 0.99%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is presently 34.55%.

Analysts Set New Price Targets

APH has been the subject of a number of recent research reports. Truist Financial raised their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” 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 stock a “buy” rating in a research note on Friday, January 17th. Robert W. Baird raised their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Bank of America raised their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

About Amphenol

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.