Birch Hill Investment Advisors LLC cut its holdings in Amphenol Co. (NYSE:APH - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 581,268 shares of the electronics maker's stock after selling 6,584 shares during the period. Amphenol accounts for 1.9% of Birch Hill Investment Advisors LLC's investment portfolio, making the stock its 18th biggest position. Birch Hill Investment Advisors LLC's holdings in Amphenol were worth $40,369,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Jacobs Levy Equity Management Inc. raised its position in shares of Amphenol by 89.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker's stock worth $280,397,000 after buying an additional 2,032,402 shares in the last quarter. Two Sigma Advisers LP bought a new position in Amphenol in the 3rd quarter worth about $113,828,000. State Street Corp raised its holdings in shares of Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker's stock valued at $3,496,777,000 after acquiring an additional 1,537,880 shares in the last quarter. Point72 Asset Management L.P. grew 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 worth $144,047,000 after purchasing an additional 1,332,298 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Amphenol by 157.2% in 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 purchasing an additional 1,180,944 shares during the last quarter. Institutional investors own 97.01% of the company's stock.
A number of equities analysts have recently commented on APH shares. TD Cowen increased their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Evercore ISI increased their target price on Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Robert W. Baird lifted their price target on Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $90.00 and gave the company an "overweight" 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 investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.68.
Check Out Our Latest Analysis on Amphenol
Shares of Amphenol stock opened at $69.81 on Friday. The stock has a market capitalization of $84.16 billion, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. Amphenol Co. has a one year low of $51.13 and a one year 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 business's 50 day simple moving average is $71.57 and its two-hundred day simple moving average is $68.12.
Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the business posted $0.82 EPS. The firm's revenue was up 29.8% compared to the same quarter last year. Analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Tuesday, March 18th. Amphenol's payout ratio is 34.46%.
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.
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