Arizona State Retirement System Raises Holdings in Amphenol Co. (NYSE:APH)

Arizona State Retirement System grew its position in Amphenol Co. (NYSE:APH) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 347,099 shares of the electronics maker’s stock after buying an additional 2,684 shares during the quarter. Arizona State Retirement System’s holdings in Amphenol were worth $24,106,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in APH. Tacita Capital Inc lifted its stake in shares of Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 296 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Amphenol during the 4th quarter worth $28,000. Brown Brothers Harriman & Co. lifted its stake in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares during the last quarter. Continuum Advisory LLC lifted its stake in shares of Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 234 shares during the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol during the 4th quarter worth $32,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APH has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Bank of America upped their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group upped their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Citigroup upped their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Five research 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Up 2.6 %

Amphenol stock opened at $64.66 on Thursday. The firm has a market cap of $78.31 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 52 week low of $54.27 and a 52 week high of $79.39. The business’s 50-day moving average price is $69.66 and its 200 day moving average price is $68.76. 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 issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 earnings per share. As a group, sell-side analysts anticipate 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. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 1.02%. Amphenol’s dividend payout ratio is currently 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.