Citizens Financial Group Inc. RI Buys 2,995 Shares of Amphenol Co. (NYSE:APH)

Citizens Financial Group Inc. RI lifted its stake in Amphenol Co. (NYSE:APH) by 24.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,231 shares of the electronics maker’s stock after purchasing an additional 2,995 shares during the period. Citizens Financial Group Inc. RI’s holdings in Amphenol were worth $1,058,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in APH. Swedbank AB grew its stake in shares of Amphenol by 38.5% in 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. grew its stake in shares of Amphenol by 12.3% in 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 grew its stake in shares of Amphenol by 82.7% in 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 stake in shares of Amphenol in the third quarter worth approximately $54,000. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of Amphenol by 4.2% in 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.

Amphenol Stock Performance

APH opened at $62.88 on Thursday. Amphenol Co. has a 1-year low of $54.27 and a 1-year high of $79.39. The company has a 50 day simple moving average of $68.86 and a two-hundred day simple moving average of $68.59. 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 firm has a market cap of $76.15 billion, a P/E ratio of 32.83, a PEG ratio of 1.92 and a beta of 1.25.

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

Amphenol Announces Dividend

The business 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 1.05%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

Analysts Set New Price Targets

APH has been the subject of several recent research reports. The Goldman Sachs Group boosted their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird boosted their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Truist Financial boosted their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Citigroup boosted their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

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.