CIBC Asset Management Inc Boosts Stock Holdings in Amphenol Co. (NYSE:APH)

CIBC Asset Management Inc increased its holdings in Amphenol Co. (NYSE:APH) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 213,401 shares of the electronics maker’s stock after purchasing an additional 8,490 shares during the period. CIBC Asset Management Inc’s holdings in Amphenol were worth $14,821,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in APH. Sierra Ocean LLC purchased a new stake in shares of Amphenol in the fourth quarter valued at $28,000. Brown Brothers Harriman & Co. raised its holdings in shares of Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after buying an additional 166 shares during the period. Continuum Advisory LLC lifted its stake in shares of Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 234 shares during the last quarter. Hanson & Doremus Investment Management bought a new position in Amphenol in the 4th quarter valued at $32,000. Finally, Endeavor Private Wealth Inc. purchased a new stake in Amphenol in the fourth quarter worth $49,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

NYSE APH opened at $68.88 on Tuesday. The firm’s fifty day simple moving average is $71.18 and its two-hundred day simple moving average is $68.42. The firm has a market capitalization of $83.05 billion, a P/E ratio of 35.97, a P/E/G ratio of 1.99 and a beta of 1.23. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 12-month low of $52.06 and a 12-month high of $79.39.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating 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 firm’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. Analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

Analyst Ratings Changes

Several research analysts recently commented on APH shares. The Goldman Sachs Group raised their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Bank of America increased their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped 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. Truist Financial lifted their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, TD Cowen increased their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

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.