Voya Investment Management LLC Purchases 980,319 Shares of Amphenol Co. (NYSE:APH)

Voya Investment Management LLC raised its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 25.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,809,203 shares of the electronics maker's stock after purchasing an additional 980,319 shares during the period. Voya Investment Management LLC owned 0.40% of Amphenol worth $333,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Tacita Capital Inc lifted its holdings 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 buying an additional 296 shares during the period. Sierra Ocean LLC purchased a new position in shares of Amphenol in the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC bought a new stake in shares of Amphenol during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. grew its stake 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 purchasing an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management bought a new position in Amphenol in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

Shares of APH stock traded up $0.54 on Tuesday, reaching $76.42. The stock had a trading volume of 1,765,096 shares, compared to its average volume of 7,438,658. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $79.39. The company has a 50 day simple moving average of $65.65 and a 200 day simple moving average of $69.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock has a market cap of $92.60 billion, a P/E ratio of 39.86, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business'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 firm earned $0.40 EPS. Equities research analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Tuesday, March 18th. Amphenol's payout ratio is 32.04%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Truist Financial lifted their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Citigroup upped their price target on Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on Amphenol in a research note on Thursday, April 24th. Finally, Bank of America boosted their target price on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $82.58.

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.