Goldman Sachs Group Inc. raised its holdings in Amphenol Co. (NYSE:APH – Get Rating) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,448,837 shares of the electronics maker’s stock after acquiring an additional 39,737 shares during the quarter. Goldman Sachs Group Inc. owned 0.41% of Amphenol worth $214,175,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. raised its stake in Amphenol by 5,807.3% in the 3rd quarter. Macquarie Group Ltd. now owns 2,958,474 shares of the electronics maker’s stock valued at $216,649,000 after purchasing an additional 2,908,392 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Amphenol in the 4th quarter valued at about $123,354,000. Invesco Ltd. raised its stake in Amphenol by 43.8% in the 3rd quarter. Invesco Ltd. now owns 4,221,157 shares of the electronics maker’s stock valued at $309,115,000 after purchasing an additional 1,285,429 shares during the last quarter. Alliancebernstein L.P. raised its stake in Amphenol by 5.4% in the 4th quarter. Alliancebernstein L.P. now owns 16,989,050 shares of the electronics maker’s stock valued at $1,485,863,000 after purchasing an additional 864,918 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Amphenol by 60.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,889,990 shares of the electronics maker’s stock valued at $165,298,000 after purchasing an additional 713,946 shares during the last quarter. 95.80% of the stock is owned by institutional investors and hedge funds.
Shares of APH stock traded up $1.84 on Friday, reaching $70.47. 1,909,751 shares of the stock were exchanged, compared to its average volume of 2,617,382. The stock has a market cap of $42.08 billion, a PE ratio of 26.20, a P/E/G ratio of 2.22 and a beta of 1.21. Amphenol Co. has a one year low of $64.51 and a one year high of $88.45. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.55 and a quick ratio of 1.72. The stock has a 50 day moving average price of $72.88 and a 200 day moving average price of $77.97.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 13th. Shareholders of record on Tuesday, June 21st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, June 17th. This represents a $0.80 annualized dividend and a dividend yield of 1.14%. Amphenol’s dividend payout ratio (DPR) is currently 29.74%.
APH has been the subject of several recent analyst reports. Citigroup lowered their price target on Amphenol from $100.00 to $90.00 in a report on Thursday, April 28th. Morgan Stanley cut their target price on Amphenol from $84.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Monday, April 25th. StockNews.com initiated coverage on Amphenol in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Robert W. Baird restated an “outperform” rating and set a $85.00 price objective on shares of Amphenol in a research note on Friday, April 29th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $84.40.
About Amphenol (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Amphenol (APH)
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