Advisors Asset Management Inc. Has $8.83 Million Stake in Amphenol Co. (NYSE:APH)

Advisors Asset Management Inc. boosted its holdings in Amphenol Co. (NYSE:APH) by 19.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 127,170 shares of the electronics maker’s stock after buying an additional 20,271 shares during the period. Advisors Asset Management Inc.’s holdings in Amphenol were worth $8,832,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after purchasing an additional 1,537,880 shares during the period. Geode Capital Management LLC lifted its stake in Amphenol by 2.3% in the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock valued at $1,601,540,000 after buying an additional 564,991 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Amphenol by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,760,270 shares of the electronics maker’s stock worth $469,501,000 after buying an additional 201,600 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Amphenol by 89.5% during 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 buying an additional 2,032,402 shares during the period. Finally, Swedbank AB increased its stake in shares of Amphenol by 19.4% in the 4th quarter. Swedbank AB now owns 4,300,252 shares of the electronics maker’s stock valued at $298,653,000 after acquiring an additional 700,000 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Bank of America boosted their price target on shares of 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 raised their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Robert W. Baird boosted their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Price Performance

Shares of APH opened at $63.90 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a twelve month low of $54.72 and a twelve month high of $79.39. The stock has a market capitalization of $77.38 billion, a P/E ratio of 33.37, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a 50 day moving average of $68.28 and a 200-day moving average of $68.50.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (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 for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the business earned $0.82 EPS. The company’s revenue was up 29.8% compared to the same quarter last year. As a group, equities research analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.03%. Amphenol’s dividend payout ratio (DPR) is presently 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.