State of Michigan Retirement System Increases Stock Holdings in Amphenol Co. (NYSE:APH)

State of Michigan Retirement System lifted its position in Amphenol Co. (NYSE:APH) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 432,174 shares of the electronics maker’s stock after purchasing an additional 1,200 shares during the quarter. State of Michigan Retirement System’s holdings in Amphenol were worth $30,014,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tacita Capital Inc lifted its position in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after buying an additional 296 shares during the last quarter. Plato Investment Management Ltd increased its stake in shares of Amphenol by 84.4% during the fourth quarter. Plato Investment Management Ltd now owns 57,527 shares of the electronics maker’s stock worth $4,010,000 after buying an additional 26,332 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Amphenol during the fourth quarter worth approximately $60,000. Jones Financial Companies Lllp increased its stake in shares of Amphenol by 41.3% during the fourth quarter. Jones Financial Companies Lllp now owns 157,141 shares of the electronics maker’s stock worth $10,913,000 after buying an additional 45,912 shares during the period. Finally, Modera Wealth Management LLC increased its stake in Amphenol by 8.2% in the fourth quarter. Modera Wealth Management LLC now owns 3,573 shares of the electronics maker’s stock valued at $248,000 after purchasing an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. The Goldman Sachs Group increased their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Robert W. Baird increased their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Bank of America raised their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Stock Down 5.0 %

APH opened at $63.25 on Tuesday. 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 market capitalization of $76.60 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The business has a 50-day moving average of $69.97 and a two-hundred day moving average of $68.81. Amphenol Co. has a 12 month low of $54.27 and a 12 month high of $79.39.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. The company 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 revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 EPS. On average, research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company 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. This represents a $0.66 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio is currently 34.55%.

Amphenol Company 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.