Fmr LLC Has $7.24 Billion Stock Position in Amphenol Co. (NYSE:APH)

Fmr LLC boosted its holdings in Amphenol Co. (NYSE:APH) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 104,250,575 shares of the electronics maker’s stock after acquiring an additional 2,643,752 shares during the quarter. Amphenol makes up approximately 0.4% of Fmr LLC’s holdings, making the stock its 27th biggest holding. Fmr LLC owned approximately 0.09% of Amphenol worth $7,240,202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Polymer Capital Management HK LTD boosted its position in Amphenol by 88.4% in the fourth quarter. Polymer Capital Management HK LTD now owns 47,100 shares of the electronics maker’s stock valued at $3,271,000 after buying an additional 22,100 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Amphenol in the 4th quarter worth about $322,000. Oribel Capital Management LP acquired a new position in shares of Amphenol in the 4th quarter valued at about $8,251,000. Hemenway Trust Co LLC lifted its stake in shares of Amphenol by 4.7% in the 4th quarter. Hemenway Trust Co LLC now owns 29,610 shares of the electronics maker’s stock valued at $2,056,000 after purchasing an additional 1,325 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Amphenol by 11.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 5,014,009 shares of the electronics maker’s stock valued at $348,223,000 after purchasing an additional 507,422 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on APH. Robert W. Baird raised their price objective on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Citigroup upped their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Bank of America boosted 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. JPMorgan Chase & Co. increased their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, Truist Financial lifted their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Trading Down 5.6 %

NYSE:APH opened at $59.14 on Friday. The company’s 50-day simple moving average is $66.77 and its 200 day simple moving average is $68.81. Amphenol Co. has a one year low of $54.72 and a one year high of $79.39. The firm has a market capitalization of $71.67 billion, a P/E ratio of 30.88, a PEG ratio of 1.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. As a group, analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 annualized dividend and a yield of 1.12%. Amphenol’s dividend payout ratio (DPR) is presently 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.