Capital Research Global Investors Has $294.61 Million Stake in Amphenol Co. (NYSE:APH)

Capital Research Global Investors lifted its holdings in Amphenol Co. (NYSE:APH) by 0.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,242,090 shares of the electronics maker’s stock after acquiring an additional 4,021 shares during the period. Capital Research Global Investors owned approximately 0.35% of Amphenol worth $294,613,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tacita Capital Inc lifted its stake 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 period. Sierra Ocean LLC acquired a new position in shares of Amphenol during the 4th quarter valued at $28,000. Rialto Wealth Management LLC bought a new position in Amphenol during the fourth quarter worth $28,000. Rakuten Securities Inc. grew its holdings in Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management bought a new stake in Amphenol in the fourth quarter valued at $32,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Citigroup cut their price objective on shares of Amphenol from $89.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Bank of America boosted their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. The Goldman Sachs Group cut their target price on Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. lowered their price objective on shares of Amphenol from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Truist Financial lifted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $79.40.

Amphenol Price Performance

APH opened at $65.13 on Friday. The firm has a market cap of $78.93 billion, a P/E ratio of 34.01, a PEG ratio of 1.92 and a beta of 1.17. 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 fifty-two week low of $54.77 and a fifty-two week high of $79.39. The firm has a 50-day moving average of $65.39 and a 200 day moving average of $68.73.

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

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 34.55%.

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.