Pinebridge Investments L.P. Buys 55,522 Shares of Amphenol Co. (NYSE:APH)

Pinebridge Investments L.P. grew its stake in Amphenol Co. (NYSE:APH) by 16.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 383,523 shares of the electronics maker’s stock after acquiring an additional 55,522 shares during the quarter. Pinebridge Investments L.P.’s holdings in Amphenol were worth $26,636,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in Amphenol in the 3rd quarter worth $582,000. Wilmington Savings Fund Society FSB bought a new stake in Amphenol during the third quarter worth $2,277,000. Tidal Investments LLC grew its holdings 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 period. Oddo BHF Asset Management Sas bought a new position in Amphenol in the 3rd quarter valued at about $9,614,000. Finally, Principal Financial Group Inc. boosted its stake in 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 period. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Performance

NYSE:APH opened at $71.13 on Thursday. The stock has a 50-day simple moving average of $65.24 and a two-hundred day simple moving average of $68.78. 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 52-week low of $54.77 and a 52-week high of $79.39. The firm has a market capitalization of $86.19 billion, a PE ratio of 37.14, a P/E/G ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. During the same quarter last year, the business posted $0.40 earnings per share. Analysts forecast 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. Shareholders of record on Tuesday, March 18th were paid a $0.165 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.93%. Amphenol’s dividend payout ratio (DPR) is 34.55%.

Analyst Ratings Changes

Several equities analysts have commented on APH shares. Robert W. Baird increased their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their target price on shares of Amphenol from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Bank of America upped their price objective on shares of 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 lowered their target price on shares of Amphenol from $89.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Truist Financial increased their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Four equities research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.40.

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.