Amphenol Co. (NYSE:APH) Shares Purchased by Financial Counselors Inc.

Financial Counselors Inc. grew its position in shares of Amphenol Co. (NYSE:APH) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 109,757 shares of the electronics maker’s stock after acquiring an additional 595 shares during the quarter. Financial Counselors Inc.’s holdings in Amphenol were worth $7,623,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Independent Advisor Alliance increased its stake in shares of Amphenol by 106.0% in the third quarter. Independent Advisor Alliance now owns 8,224 shares of the electronics maker’s stock valued at $536,000 after purchasing an additional 4,232 shares during the period. Brown Brothers Harriman & Co. increased its position in Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares during the period. The Manufacturers Life Insurance Company raised its stake in Amphenol by 157.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker’s stock valued at $125,899,000 after acquiring an additional 1,180,944 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of Amphenol by 103.1% in the third quarter. Brooklyn Investment Group now owns 3,836 shares of the electronics maker’s stock worth $250,000 after purchasing an additional 1,947 shares in the last quarter. Finally, Avestar Capital LLC increased its holdings in shares of Amphenol by 6.9% during the third quarter. Avestar Capital LLC now owns 6,153 shares of the electronics maker’s stock valued at $401,000 after purchasing an additional 399 shares during the period. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on APH. The Goldman Sachs Group increased their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Bank of America raised their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Citigroup boosted their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. raised their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Trading Down 2.8 %

NYSE:APH opened at $67.54 on Thursday. The stock has a fifty day simple moving average of $67.95 and a 200 day simple moving average of $68.69. The firm has a market capitalization of $81.84 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 1-year low of $54.72 and a 1-year high of $79.39. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share 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 business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the firm posted $0.82 earnings per share. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. Sell-side analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.98%. Amphenol’s dividend payout ratio is 34.55%.

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.