Erste Asset Management GmbH Purchases 800 Shares of Amphenol Co. (NYSE:APH)

Erste Asset Management GmbH grew its position in Amphenol Co. (NYSE:APH) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,080 shares of the electronics maker’s stock after purchasing an additional 800 shares during the quarter. Erste Asset Management GmbH’s holdings in Amphenol were worth $3,997,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp lifted its position in shares of Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after acquiring an additional 1,537,880 shares during the period. Geode Capital Management LLC lifted its position in shares of Amphenol by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock valued at $1,601,540,000 after acquiring an additional 564,991 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Amphenol by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,760,270 shares of the electronics maker’s stock valued at $469,501,000 after acquiring an additional 201,600 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after acquiring an additional 2,032,402 shares during the period. Finally, Swedbank AB lifted its position in shares of Amphenol by 19.4% during the 4th quarter. Swedbank AB now owns 4,300,252 shares of the electronics maker’s stock valued at $298,653,000 after acquiring an additional 700,000 shares during the period. 97.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

APH has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. 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 research report on Thursday, January 23rd. Robert W. Baird upped their price objective on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Citigroup upped their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Stock Performance

NYSE APH opened at $63.08 on Friday. Amphenol Co. has a 1 year low of $54.27 and a 1 year high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The firm has a market cap of $76.39 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 1.92 and a beta of 1.25. The company has a fifty day moving average price of $68.57 and a 200-day moving average price of $68.52.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) 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 firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue was up 29.8% compared to the same quarter last year. As a group, equities research analysts predict that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 annualized dividend and a yield of 1.05%. Amphenol’s payout ratio is currently 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.