Sumitomo Mitsui DS Asset Management Company Ltd Raises Stake in Amphenol Co. (NYSE:APH)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Amphenol Co. (NYSE:APH) by 17.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,552 shares of the electronics maker’s stock after buying an additional 34,372 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Amphenol were worth $16,429,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Princeton Global Asset Management LLC lifted its holdings in shares of Amphenol by 0.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock valued at $1,634,000 after acquiring an additional 136 shares in the last quarter. Fortitude Family Office LLC lifted its stake in shares of Amphenol by 13.9% during the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock worth $84,000 after purchasing an additional 158 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after buying an additional 166 shares during the period. Fragasso Financial Advisors Inc grew its stake in shares of Amphenol by 4.7% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after buying an additional 171 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its holdings in shares of Amphenol by 3.5% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker’s stock valued at $363,000 after buying an additional 177 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. TD Cowen increased their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. 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. 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 research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Evercore ISI raised their price objective on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Price Performance

Shares of NYSE:APH opened at $69.97 on Friday. 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 firm has a 50-day simple moving average of $71.69 and a 200 day simple moving average of $68.09. Amphenol Co. has a fifty-two week low of $51.13 and a fifty-two week high of $79.39. The company has a market cap of $84.36 billion, a PE ratio of 36.54, a P/E/G ratio of 2.17 and a beta of 1.23.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS. On average, sell-side analysts anticipate that Amphenol Co. will post 2.26 EPS for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. Amphenol’s payout ratio is currently 34.55%.

Amphenol 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.