1,573,451 Shares in Amphenol Co. (NYSE:APH) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of Amphenol Co. (NYSE:APH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,573,451 shares of the electronics maker’s stock, valued at approximately $109,276,000. Raymond James Financial Inc. owned approximately 0.13% of Amphenol as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Swedbank AB grew its holdings in Amphenol by 38.5% in the 3rd quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock valued at $234,592,000 after buying an additional 1,000,000 shares in the last quarter. Portside Wealth Group LLC grew its holdings in Amphenol by 24.7% in the 3rd quarter. Portside Wealth Group LLC now owns 4,453 shares of the electronics maker’s stock valued at $290,000 after buying an additional 882 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in Amphenol in the 3rd quarter valued at $606,000. Executive Wealth Management LLC purchased a new stake in Amphenol in the 3rd quarter valued at $3,150,000. Finally, Assetmark Inc. grew its holdings in Amphenol by 12.3% in the 3rd quarter. Assetmark Inc. now owns 38,936 shares of the electronics maker’s stock valued at $2,537,000 after buying an additional 4,272 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Price Performance

APH opened at $62.99 on Friday. The stock’s 50-day moving average price is $69.31 and its 200 day moving average price is $68.70. Amphenol Co. has a 12-month low of $54.27 and a 12-month high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The firm has a market cap of $76.28 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the company earned $0.82 EPS. Amphenol’s revenue was up 29.8% on a year-over-year basis. As a group, sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.05%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is 34.55%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Truist Financial upped their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird upped their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Bank of America increased their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Finally, Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.68.

Amphenol 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.