TCW Group Inc. Acquires 547 Shares of Amphenol Co. (NYSE:APH)

TCW Group Inc. increased its position in Amphenol Co. (NYSE:APH) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,432 shares of the electronics maker’s stock after purchasing an additional 547 shares during the period. TCW Group Inc.’s holdings in Amphenol were worth $19,059,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its stake in Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after purchasing an additional 1,537,880 shares in the last quarter. Geode Capital Management LLC boosted its stake in Amphenol by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock worth $1,601,540,000 after purchasing an additional 564,991 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Amphenol by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker’s stock worth $427,363,000 after purchasing an additional 63,180 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Amphenol by 25.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock worth $347,297,000 after purchasing an additional 1,073,480 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in 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 purchasing an additional 2,032,402 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports 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 note on Thursday, January 23rd. Citigroup upped their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Truist Financial upped their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Price Performance

NYSE APH opened at $67.58 on Friday. Amphenol Co. has a 52 week low of $52.89 and a 52 week high of $79.39. The firm has a market capitalization of $81.84 billion, a P/E ratio of 35.29, a PEG ratio of 1.97 and a beta of 1.23. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $70.73 and a 200-day moving average price of $68.68.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. Equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio is 34.46%.

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.