Amphenol Co. (NYSE:APH) Holdings Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in shares of Amphenol Co. (NYSE:APH) by 56.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,187,588 shares of the electronics maker’s stock after buying an additional 430,837 shares during the period. Teacher Retirement System of Texas owned 0.10% of Amphenol worth $82,478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. First National Bank of Hutchinson boosted its position in Amphenol by 3.7% during the 4th quarter. First National Bank of Hutchinson now owns 8,194 shares of the electronics maker’s stock worth $569,000 after acquiring an additional 291 shares during the period. Royal London Asset Management Ltd. boosted its stake in Amphenol by 6.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 665,854 shares of the electronics maker’s stock valued at $46,244,000 after purchasing an additional 37,706 shares in the last quarter. Zeno Equity Partners LLP bought a new stake in shares of Amphenol in the 4th quarter worth $11,359,000. Vinva Investment Management Ltd lifted its holdings in shares of Amphenol by 20.0% in the fourth quarter. Vinva Investment Management Ltd now owns 55,792 shares of the electronics maker’s stock valued at $3,878,000 after buying an additional 9,307 shares during the period. Finally, Platinum Investment Management Ltd. acquired a new position in Amphenol during the fourth quarter worth about $589,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Amphenol Trading Up 5.8 %

Shares of NYSE:APH opened at $67.53 on Thursday. Amphenol Co. has a 12-month low of $54.72 and a 12-month 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. The firm has a market capitalization of $81.79 billion, a P/E ratio of 35.27, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The firm has a fifty day moving average of $68.19 and a two-hundred day moving average of $68.50.

Amphenol (NYSE:APH) last issued 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. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 EPS. On average, equities analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal 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 paid 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 dividend yield of 0.98%. Amphenol’s dividend payout ratio (DPR) is 34.55%.

About Amphenol

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.