Amphenol Co. (NYSE:APH) Shares Purchased by WASHINGTON TRUST Co

WASHINGTON TRUST Co increased its holdings in shares of Amphenol Co. (NYSE:APH) by 23.0% in the fourth quarter, Holdings Channel reports. The firm owned 787 shares of the electronics maker’s stock after acquiring an additional 147 shares during the period. WASHINGTON TRUST Co’s holdings in Amphenol were worth $55,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. raised its stake in shares of Amphenol by 9.6% during the third quarter. NBC Securities Inc. now owns 4,302 shares of the electronics maker’s stock valued at $280,000 after purchasing an additional 376 shares during the period. Swedbank AB raised its stake in shares of Amphenol by 38.5% during the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock valued at $234,592,000 after purchasing an additional 1,000,000 shares during the period. Cornerstone Wealth Management LLC purchased a new stake in shares of Amphenol during the third quarter valued at approximately $482,000. Trust Co. of Vermont raised its stake in shares of Amphenol by 7.1% during the third quarter. Trust Co. of Vermont now owns 4,547 shares of the electronics maker’s stock valued at $296,000 after purchasing an additional 303 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Amphenol by 45.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 202,180 shares of the electronics maker’s stock valued at $13,174,000 after purchasing an additional 63,563 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of APH opened at $68.88 on Friday. Amphenol Co. has a 1 year low of $52.06 and a 1 year high of $79.39. The company has a market cap of $83.05 billion, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The firm has a fifty day moving average of $71.18 and a 200-day moving average of $68.35.

Amphenol (NYSE:APH) last announced 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 company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, equities analysts anticipate 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. 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 0.96%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio is currently 34.46%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on APH. Citigroup lifted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. The Goldman Sachs Group raised their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Bank of America raised their price target 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. JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, TD Cowen lifted their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Five equities research 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.68.

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.