Generate Investment Management Ltd Purchases 69,003 Shares of Amphenol Co. (NYSE:APH)

Generate Investment Management Ltd boosted its holdings in Amphenol Co. (NYSE:APH) by 70.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,430 shares of the electronics maker’s stock after buying an additional 69,003 shares during the quarter. Generate Investment Management Ltd’s holdings in Amphenol were worth $11,628,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Amphenol by 89.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after purchasing an additional 2,032,402 shares during the period. Two Sigma Advisers LP bought a new position in Amphenol during the 3rd quarter worth $113,828,000. State Street Corp lifted its holdings in Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after buying an additional 1,537,880 shares during the period. Point72 Asset Management L.P. grew its position in shares of Amphenol by 151.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker’s stock valued at $144,047,000 after buying an additional 1,332,298 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Amphenol by 157.2% in the third quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker’s stock valued at $125,899,000 after buying an additional 1,180,944 shares during the period. 97.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on APH shares. Citigroup upped their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Evercore ISI upped their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Bank of America boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. The Goldman Sachs Group increased their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Robert W. Baird lifted their price objective on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Stock Up 0.7 %

Shares of NYSE:APH opened at $69.97 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a 52-week low of $51.13 and a 52-week high of $79.39. The business’s 50 day simple moving average is $71.63 and its two-hundred day simple moving average is $68.10. The firm has a market cap of $84.36 billion, a P/E ratio of 36.54, a PEG ratio of 2.17 and a beta of 1.23.

Amphenol (NYSE:APH) last issued its 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 analysts’ expectations of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period last year, the business earned $0.82 EPS. As a group, research analysts forecast that Amphenol Co. will post 2.26 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.94%. Amphenol’s dividend payout ratio is presently 34.46%.

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.