Amphenol Co. (NYSE:APH) Position Increased by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. increased its stake in shares of Amphenol Co. (NYSE:APH) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,615 shares of the electronics maker’s stock after buying an additional 8,504 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Amphenol were worth $9,210,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in APH. Jacobs Levy Equity Management Inc. increased its holdings in shares of Amphenol by 89.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after acquiring an additional 2,032,402 shares during the period. Two Sigma Advisers LP bought a new position in Amphenol in the 3rd quarter worth about $113,828,000. State Street Corp increased its stake in shares of Amphenol by 3.0% in the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after purchasing an additional 1,537,880 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Amphenol by 151.7% during the third quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker’s stock valued at $144,047,000 after buying an additional 1,332,298 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Amphenol by 157.2% during the third quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker’s stock worth $125,899,000 after buying an additional 1,180,944 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

APH has been the topic of several recent analyst reports. Citigroup lifted their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Bank of America increased their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird increased their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Five investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Trading Down 2.6 %

NYSE:APH opened at $67.58 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The company has a market capitalization of $81.84 billion, a P/E ratio of 35.29, a P/E/G ratio of 1.97 and a beta of 1.23. The stock’s 50 day moving average price is $70.73 and its 200 day moving average price is $68.68. Amphenol Co. has a 52 week low of $52.89 and a 52 week high of $79.39.

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

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 0.98%. Amphenol’s dividend payout ratio (DPR) is currently 34.46%.

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.