E Fund Management Co. Ltd. Buys 19,562 Shares of Amphenol Co. (NYSE:APH)

E Fund Management Co. Ltd. increased its stake in shares of Amphenol Co. (NYSE:APH) by 112.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 36,967 shares of the electronics maker’s stock after purchasing an additional 19,562 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Amphenol were worth $2,567,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Candriam S.C.A. increased its position in shares of Amphenol by 1,024.4% during the 4th quarter. Candriam S.C.A. now owns 783,675 shares of the electronics maker’s stock valued at $54,426,000 after purchasing an additional 713,976 shares during the last quarter. Ethos Financial Group LLC bought a new position in shares of Amphenol during the 4th quarter valued at approximately $167,000. Inceptionr LLC increased its position in shares of Amphenol by 37.5% during the 4th quarter. Inceptionr LLC now owns 17,783 shares of the electronics maker’s stock valued at $1,235,000 after purchasing an additional 4,854 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Amphenol during the 4th quarter valued at approximately $109,276,000. Finally, Promus Capital LLC bought a new position in shares of Amphenol during the 4th quarter valued at approximately $71,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of APH stock opened at $61.67 on Friday. Amphenol Co. has a twelve month low of $54.27 and a twelve month high of $79.39. The stock has a market capitalization of $74.69 billion, a price-to-earnings ratio of 32.20, a P/E/G ratio of 1.92 and a beta of 1.25. The stock has a fifty day simple moving average of $69.46 and a two-hundred day simple moving average of $68.71. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The firm 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%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 EPS. On average, analysts predict that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 34.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on APH shares. Truist Financial boosted their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird boosted their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Bank of America boosted their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

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.