Wells Fargo & Company MN raised its holdings in Amphenol Co. (NYSE:APH) by 3.7% in the fourth quarter, Holdings Channel reports. The fund owned 2,108,479 shares of the electronics maker’s stock after acquiring an additional 74,915 shares during the quarter. Wells Fargo & Company MN’s holdings in Amphenol were worth $185,125,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of APH. Dynamic Technology Lab Private Ltd acquired a new stake in Amphenol in the second quarter valued at approximately $392,000. Intl Fcstone Inc. acquired a new stake in Amphenol in the second quarter valued at approximately $260,000. Eqis Capital Management Inc. lifted its stake in Amphenol by 9.4% in the third quarter. Eqis Capital Management Inc. now owns 9,069 shares of the electronics maker’s stock valued at $768,000 after acquiring an additional 779 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in Amphenol by 1.6% in the third quarter. Mutual of America Capital Management LLC now owns 46,394 shares of the electronics maker’s stock valued at $3,927,000 after acquiring an additional 730 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Amphenol by 3.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 557,324 shares of the electronics maker’s stock valued at $47,175,000 after acquiring an additional 20,226 shares during the last quarter. Hedge funds and other institutional investors own 96.47% of the company’s stock.
A number of analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Amphenol from $87.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. SunTrust Banks reiterated a “hold” rating and issued a $89.00 target price (up from $82.00) on shares of Amphenol in a research note on Thursday, January 25th. Zacks Investment Research cut shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Cowen reiterated a “buy” rating and issued a $105.00 target price on shares of Amphenol in a research note on Wednesday, January 10th. Finally, Wells Fargo & Co assumed coverage on shares of Amphenol in a research note on Friday, November 10th. They issued an “outperform” rating and a $98.00 target price for the company. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $92.00.
Shares of Amphenol Co. (NYSE APH) opened at $89.99 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.95 and a quick ratio of 2.25. Amphenol Co. has a one year low of $68.57 and a one year high of $93.62. The firm has a market cap of $27,477.46, a price-to-earnings ratio of 27.60, a PEG ratio of 2.64 and a beta of 0.82.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. Amphenol had a net margin of 9.28% and a return on equity of 26.09%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the company earned $0.75 earnings per share. Amphenol’s revenue for the quarter was up 17.7% on a year-over-year basis. research analysts anticipate that Amphenol Co. will post 3.45 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Monday, March 19th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, March 16th. Amphenol’s payout ratio is 37.07%.
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Amphenol Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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