Skandinaviska Enskilda Banken AB publ Has $20.54 Million Stock Position in Amphenol Co. (NYSE:APH)

Skandinaviska Enskilda Banken AB publ lifted its position in Amphenol Co. (NYSE:APH) by 34.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 295,467 shares of the electronics maker’s stock after purchasing an additional 75,956 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Amphenol were worth $20,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Swedbank AB increased its position in Amphenol by 38.5% during the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock worth $234,592,000 after acquiring an additional 1,000,000 shares during the period. Assetmark Inc. increased its position in Amphenol by 12.3% during the third quarter. Assetmark Inc. now owns 38,936 shares of the electronics maker’s stock worth $2,537,000 after acquiring an additional 4,272 shares during the period. Covestor Ltd increased its position in Amphenol by 82.7% during the third quarter. Covestor Ltd now owns 1,197 shares of the electronics maker’s stock worth $78,000 after acquiring an additional 542 shares during the period. Ashton Thomas Securities LLC bought a new position in Amphenol during the third quarter worth $54,000. Finally, Nations Financial Group Inc. IA ADV increased its position in Amphenol by 4.2% during the third quarter. Nations Financial Group Inc. IA ADV now owns 6,592 shares of the electronics maker’s stock worth $430,000 after acquiring an additional 266 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on APH shares. Bank of America boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Citigroup boosted their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Robert W. Baird boosted their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Truist Financial boosted 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. Finally, The Goldman Sachs Group boosted their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Five research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Stock Down 2.1 %

APH opened at $61.54 on Friday. The firm’s 50-day simple moving average is $68.72 and its 200-day simple moving average is $68.54. 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 twelve month low of $54.27 and a twelve month high of $79.39. The firm has a market cap of $74.52 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping 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 business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. Equities research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is 34.55%.

About Amphenol

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.