TIAA Trust National Association Has $527,000 Stock Position in Amphenol Co. (NYSE:APH)

TIAA Trust National Association lifted its holdings in Amphenol Co. (NYSE:APH) by 28.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,586 shares of the electronics maker’s stock after purchasing an additional 1,703 shares during the period. TIAA Trust National Association’s holdings in Amphenol were worth $527,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. FineMark National Bank & Trust bought a new stake in shares of Amphenol during the 4th quarter worth about $222,000. Modern Wealth Management LLC acquired a new stake in Amphenol in the 4th quarter worth approximately $1,225,000. EntryPoint Capital LLC bought a new stake in Amphenol during the fourth quarter worth approximately $287,000. Prudential Financial Inc. grew its holdings in Amphenol by 2.6% during the fourth quarter. Prudential Financial Inc. now owns 1,321,938 shares of the electronics maker’s stock valued at $91,809,000 after purchasing an additional 33,220 shares during the last quarter. Finally, United Services Automobile Association raised its position in shares of Amphenol by 2.9% in the fourth quarter. United Services Automobile Association now owns 27,848 shares of the electronics maker’s stock valued at $1,934,000 after purchasing an additional 792 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Up 1.0 %

Shares of APH stock opened at $68.27 on Friday. Amphenol Co. has a one year low of $54.72 and a one year high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock has a fifty day moving average price of $67.92 and a 200 day moving average price of $68.68. The stock has a market cap of $82.73 billion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. Analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.97%. Amphenol’s dividend payout ratio is currently 34.55%.

Analyst Ratings Changes

A number of research firms recently issued reports on APH. Truist Financial raised their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Bank of America lifted their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Citigroup boosted their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. raised their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Robert W. Baird increased their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.