TCW Group Inc. Acquires 547 Shares of Amphenol Co. (NYSE:APH)

TCW Group Inc. lifted its holdings in Amphenol Co. (NYSE:APH) by 0.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 274,432 shares of the electronics maker’s stock after acquiring an additional 547 shares during the quarter. TCW Group Inc.’s holdings in Amphenol were worth $19,059,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp lifted 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 worth $3,496,777,000 after acquiring an additional 1,537,880 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Amphenol by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock worth $1,601,540,000 after acquiring an additional 564,991 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Amphenol by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker’s stock worth $427,363,000 after acquiring an additional 63,180 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Amphenol by 25.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock worth $347,297,000 after acquiring an additional 1,073,480 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted 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 last quarter. 97.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on APH. Citigroup boosted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. The Goldman Sachs Group lifted their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Truist Financial lifted their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Bank of America lifted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Stock Down 2.6 %

Shares of Amphenol stock opened at $67.58 on Friday. 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 company’s fifty day simple moving average is $70.73 and its two-hundred day simple moving average is $68.68. The company has a market cap of $81.84 billion, a P/E ratio of 35.29, a PEG ratio of 1.97 and a beta of 1.23. Amphenol Co. has a 12-month low of $52.89 and a 12-month high of $79.39.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (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 business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the firm earned $0.82 EPS. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. Research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 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.