Amphenol Co. (NYSE:APH) Stake Raised by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. increased its holdings in Amphenol Co. (NYSE:APH) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 153,290 shares of the electronics maker’s stock after purchasing an additional 3,080 shares during the quarter. Amphenol comprises about 1.0% of Penobscot Investment Management Company Inc.’s portfolio, making the stock its 27th biggest holding. Penobscot Investment Management Company Inc.’s holdings in Amphenol were worth $10,646,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Amphenol by 208.8% during the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock valued at $1,765,000 after purchasing an additional 18,322 shares during the period. Spire Wealth Management grew its position in Amphenol by 34.1% in the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock valued at $6,836,000 after buying an additional 25,007 shares in the last quarter. Consolidated Planning Corp raised its position in shares of Amphenol by 37.0% during the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker’s stock worth $1,192,000 after buying an additional 4,631 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Amphenol by 11.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,682,734 shares of the electronics maker’s stock worth $109,647,000 after acquiring an additional 177,510 shares during the period. Finally, Pines Wealth Management LLC bought a new position in shares of Amphenol in the fourth quarter valued at approximately $553,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Performance

Amphenol stock opened at $69.48 on Wednesday. The firm has a market capitalization of $84.19 billion, a P/E ratio of 36.28, a P/E/G ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 52-week low of $54.72 and a 52-week 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 stock has a fifty day moving average price of $68.02 and a two-hundred day moving average price of $68.69.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the company earned $0.82 EPS. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. As a group, analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.95%. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

Analyst Ratings Changes

Several equities research analysts recently commented on APH shares. The Goldman Sachs Group boosted their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Bank of America upped their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Robert W. Baird lifted their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Citigroup lifted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

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.