Resona Asset Management Co. Ltd. Makes New Investment in Amphenol Co. (NYSE:APH)

Resona Asset Management Co. Ltd. acquired a new stake in shares of Amphenol Co. (NYSE:APH) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,016,984 shares of the electronics maker’s stock, valued at approximately $70,907,000. Resona Asset Management Co. Ltd. owned approximately 0.08% of Amphenol at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its stake in Amphenol by 8.5% during the third quarter. Integrated Wealth Concepts LLC now owns 10,342 shares of the electronics maker’s stock worth $674,000 after acquiring an additional 811 shares in the last quarter. IHT Wealth Management LLC increased its position in shares of Amphenol by 66.9% during the 3rd quarter. IHT Wealth Management LLC now owns 5,314 shares of the electronics maker’s stock worth $343,000 after purchasing an additional 2,130 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in Amphenol by 2.4% during the 3rd quarter. Royal London Asset Management Ltd. now owns 628,148 shares of the electronics maker’s stock valued at $40,930,000 after purchasing an additional 14,945 shares during the last quarter. Quantinno Capital Management LP boosted its position in Amphenol by 8.9% in the third quarter. Quantinno Capital Management LP now owns 159,059 shares of the electronics maker’s stock valued at $10,364,000 after buying an additional 12,943 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Amphenol during the third quarter worth approximately $2,528,000. 97.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on APH. Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird raised their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Citigroup upped their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Bank of America boosted their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Price Performance

NYSE APH opened at $59.14 on Friday. The firm’s 50 day moving average is $66.77 and its 200-day moving average is $68.78. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $71.67 billion, a PE ratio of 30.88, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 12-month low of $54.72 and a 12-month high of $79.39.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the business earned $0.82 EPS. The company’s revenue was up 29.8% compared to the same quarter last year. Equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 1.12%. Amphenol’s dividend payout ratio is 34.55%.

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.