Pinnacle Bank bought a new position in shares of Amphenol Co. (NYSE:APH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,262 shares of the electronics maker’s stock, valued at approximately $102,000.
Several other large investors also recently modified their holdings of the stock. Cerity Partners LLC lifted its position in Amphenol by 4.5% during the fourth quarter. Cerity Partners LLC now owns 3,087 shares of the electronics maker’s stock valued at $250,000 after purchasing an additional 132 shares during the last quarter. Comerica Securities Inc. lifted its holdings in shares of Amphenol by 3.4% in the 4th quarter. Comerica Securities Inc. now owns 5,227 shares of the electronics maker’s stock worth $425,000 after acquiring an additional 173 shares during the last quarter. Cobiz Wealth LLC lifted its holdings in shares of Amphenol by 0.3% in the 4th quarter. Cobiz Wealth LLC now owns 72,067 shares of the electronics maker’s stock worth $5,839,000 after acquiring an additional 203 shares during the last quarter. ETF Managers Group LLC lifted its holdings in shares of Amphenol by 15.6% in the 4th quarter. ETF Managers Group LLC now owns 1,509 shares of the electronics maker’s stock worth $122,000 after acquiring an additional 204 shares during the last quarter. Finally, Contravisory Investment Management Inc. lifted its holdings in shares of Amphenol by 5.5% in the 4th quarter. Contravisory Investment Management Inc. now owns 4,619 shares of the electronics maker’s stock worth $374,000 after acquiring an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 96.32% of the company’s stock.
APH has been the subject of several analyst reports. Morgan Stanley raised their target price on shares of Amphenol from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Wells Fargo & Co set a $105.00 target price on shares of Amphenol and gave the stock a “buy” rating in a report on Monday, March 18th. Bank of America restated a “buy” rating and issued a $107.00 target price (up previously from $103.00) on shares of Amphenol in a report on Thursday, February 7th. Finally, Zacks Investment Research restated a “buy” rating and issued a $89.00 target price on shares of Amphenol in a report on Monday, December 31st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $104.17.
Amphenol stock opened at $97.81 on Tuesday. The stock has a market capitalization of $28.15 billion, a PE ratio of 25.94, a PEG ratio of 2.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.87 and a quick ratio of 1.36. Amphenol Co. has a 12-month low of $74.95 and a 12-month high of $97.92.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 23rd. The electronics maker reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.07. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.09 billion. Amphenol had a net margin of 14.69% and a return on equity of 29.82%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 EPS. Research analysts forecast that Amphenol Co. will post 3.95 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.94%. The ex-dividend date is Monday, March 18th. Amphenol’s dividend payout ratio is presently 24.40%.
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Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.
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