Talos Asset Management LP Purchases New Shares in Amphenol Co. (NYSE:APH)

Talos Asset Management LP purchased a new stake in Amphenol Co. (NYSE:APH) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 140,500 shares of the electronics maker’s stock, valued at approximately $9,758,000. Amphenol comprises 2.3% of Talos Asset Management LP’s holdings, making the stock its 16th biggest holding.

A number of other institutional investors have also made changes to their positions in the business. Fiduciary Group LLC raised its holdings in shares of Amphenol by 10.2% in the fourth quarter. Fiduciary Group LLC now owns 14,990 shares of the electronics maker’s stock valued at $1,041,000 after buying an additional 1,393 shares during the last quarter. Teacher Retirement System of Texas increased its position in Amphenol by 56.9% in the fourth quarter. Teacher Retirement System of Texas now owns 1,187,588 shares of the electronics maker’s stock worth $82,478,000 after purchasing an additional 430,837 shares during the period. First National Bank of Hutchinson increased its position in Amphenol by 3.7% in the fourth quarter. First National Bank of Hutchinson now owns 8,194 shares of the electronics maker’s stock worth $569,000 after purchasing an additional 291 shares during the period. Royal London Asset Management Ltd. increased its position in Amphenol by 6.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 665,854 shares of the electronics maker’s stock worth $46,244,000 after purchasing an additional 37,706 shares during the period. Finally, Zeno Equity Partners LLP acquired a new stake in Amphenol in the fourth quarter worth about $11,359,000. 97.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on APH shares. Truist Financial lifted their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird lifted their price objective on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Bank of America boosted their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Finally, 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 research report on Thursday, January 23rd. Five 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Trading Up 5.8 %

NYSE:APH opened at $67.53 on Thursday. Amphenol Co. has a fifty-two week low of $54.72 and a fifty-two 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 market capitalization of $81.79 billion, a PE ratio of 35.27, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The business’s 50-day simple moving average is $68.19 and its 200-day simple moving average is $68.50.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the business posted $0.82 EPS. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. Sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share 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 paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.98%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio 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.