Comerica Securities Inc. boosted its holdings in Amphenol Co. (NYSE:APH) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,227 shares of the electronics maker’s stock after purchasing an additional 173 shares during the period. Comerica Securities Inc.’s holdings in Amphenol were worth $425,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of APH. Parkside Financial Bank & Trust boosted its holdings in Amphenol by 189.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 547 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 358 shares during the last quarter. We Are One Seven LLC purchased a new position in Amphenol in the fourth quarter valued at about $79,000. First Quadrant L P CA purchased a new position in Amphenol in the fourth quarter valued at about $89,000. Bartlett & Co. LLC purchased a new position in Amphenol in the third quarter valued at about $110,000. Finally, ETF Managers Group LLC boosted its holdings in Amphenol by 15.6% in the fourth quarter. ETF Managers Group LLC now owns 1,509 shares of the electronics maker’s stock valued at $122,000 after purchasing an additional 204 shares during the last quarter. 96.36% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on APH. ValuEngine downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a report on Friday, October 26th. Finally, Bank of America reissued a “buy” rating and issued a $107.00 price target (up previously from $103.00) on shares of Amphenol in a report on Thursday, February 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $102.00.
Shares of NYSE APH opened at $91.86 on Thursday. Amphenol Co. has a 52-week low of $74.95 and a 52-week high of $97.56. The company has a market cap of $27.14 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 2.11 and a beta of 0.87. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.36 and a current ratio of 1.87.
Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 23rd. The electronics maker reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.07. Amphenol had a return on equity of 29.82% and a net margin of 14.69%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Amphenol’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities research analysts predict that Amphenol Co. will post 3.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Monday, March 18th. Amphenol’s payout ratio is currently 24.40%.
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Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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