Price T Rowe Associates Inc. MD Buys 15,837,407 Shares of Amphenol Co. (NYSE:APH)

Price T Rowe Associates Inc. MD increased its stake in Amphenol Co. (NYSE:APH) by 36.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,911,813 shares of the electronics maker’s stock after purchasing an additional 15,837,407 shares during the period. Price T Rowe Associates Inc. MD owned approximately 4.89% of Amphenol worth $4,091,426,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Virtu Financial LLC acquired a new position in shares of Amphenol in the 3rd quarter valued at approximately $582,000. Wilmington Savings Fund Society FSB acquired a new position in Amphenol during the third quarter valued at approximately $2,277,000. Tidal Investments LLC lifted its stake in Amphenol by 464.6% during the third quarter. Tidal Investments LLC now owns 396,066 shares of the electronics maker’s stock worth $25,808,000 after purchasing an additional 325,912 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Amphenol in the 3rd quarter valued at $9,614,000. Finally, Principal Financial Group Inc. increased its stake in shares of Amphenol by 73.9% in the 3rd quarter. Principal Financial Group Inc. now owns 2,591,323 shares of the electronics maker’s stock valued at $168,851,000 after purchasing an additional 1,101,368 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Trading Up 3.7 %

NYSE APH opened at $65.92 on Wednesday. The firm has a market capitalization of $79.88 billion, a PE ratio of 34.42, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The business’s 50-day moving average price is $65.20 and its two-hundred day moving average price is $68.76. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $79.39.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The business 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 company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. On average, analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Tuesday, March 18th. Amphenol’s dividend payout ratio is presently 34.55%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on APH shares. Truist Financial raised their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. UBS Group reduced their price target on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. The Goldman Sachs Group decreased their price target on shares of Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Robert W. Baird raised 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. Finally, Bank of America upped their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.40.

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.