Price T Rowe Associates Inc. MD Raises Position in Amphenol Co. (NYSE:APH)

Price T Rowe Associates Inc. MD grew its position in Amphenol Co. (NYSE:APH - Free Report) by 36.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,911,813 shares of the electronics maker's stock after purchasing an additional 15,837,407 shares during the period. Price T Rowe Associates Inc. MD owned about 4.89% of Amphenol worth $4,091,426,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in APH. Tacita Capital Inc boosted its position in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after purchasing an additional 296 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Amphenol during the fourth quarter worth about $28,000. Rialto Wealth Management LLC bought a new stake in Amphenol in the fourth quarter worth about $28,000. Rakuten Securities Inc. grew its position in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol during the 4th quarter worth approximately $32,000. 97.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on APH shares. Bank of America upped their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Truist Financial raised their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. US Capital Advisors set a $85.00 price target on Amphenol in a report on Thursday. The Goldman Sachs Group upped their price objective on shares of Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $82.58.

Amphenol Trading Down 0.9 %

APH traded down $0.68 on Monday, hitting $75.17. 1,954,357 shares of the company were exchanged, compared to its average volume of 8,580,612. 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 12 month low of $54.77 and a 12 month high of $79.39. The firm has a fifty day simple moving average of $65.53 and a two-hundred day simple moving average of $69.01. The stock has a market capitalization of $91.09 billion, a PE ratio of 39.26, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 EPS. Sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.88%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

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.