Snyder Capital Management L P Acquires 141,285 Shares of Amphenol Co. (NYSE:APH)

Snyder Capital Management L P lifted its holdings in shares of Amphenol Co. (NYSE:APH) by 7.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,032,085 shares of the electronics maker’s stock after buying an additional 141,285 shares during the period. Amphenol comprises about 2.9% of Snyder Capital Management L P’s portfolio, making the stock its 7th biggest holding. Snyder Capital Management L P’s holdings in Amphenol were worth $141,128,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new stake in shares of Amphenol during the 4th quarter valued at approximately $1,378,794,000. Price T Rowe Associates Inc. MD boosted its position in Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock valued at $4,091,426,000 after buying an additional 15,837,407 shares in the last quarter. Wellington Management Group LLP boosted its position in Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock valued at $487,130,000 after buying an additional 6,039,845 shares in the last quarter. FMR LLC grew its stake in shares of Amphenol by 2.6% during the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock worth $7,240,202,000 after buying an additional 2,643,752 shares during the last quarter. Finally, Madison Investment Advisors LLC acquired a new position in shares of Amphenol during the fourth quarter worth $157,749,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Performance

Shares of APH opened at $76.13 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The firm’s fifty day simple moving average is $65.39 and its two-hundred day simple moving average is $68.87. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $79.39. The stock has a market capitalization of $92.25 billion, a P/E ratio of 39.75, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion for 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 in the prior year, the company earned $0.40 EPS. As a group, analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.87%. Amphenol’s payout ratio is presently 34.55%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on APH. UBS Group restated a “buy” rating and set a $85.00 price objective (up previously from $78.00) on shares of Amphenol in a research report on Thursday. Truist Financial upped 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. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday. Bank of America upped their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird lifted their price target on shares of Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.58.

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.