Allstate Corp Buys New Shares in Amphenol Co. (NYSE:APH)

Allstate Corp purchased a new position in shares of Amphenol Co. (NYSE:APH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 35,517 shares of the electronics maker’s stock, valued at approximately $2,467,000.

Several other large investors have also added to or reduced their stakes in APH. Tacita Capital Inc boosted its position in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after buying an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Amphenol during the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol in the 4th quarter valued at $28,000. Rakuten Securities Inc. increased its stake in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 366 shares during the period. Finally, Continuum Advisory LLC raised its holdings in shares of Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 234 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Robert W. Baird upped their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Truist Financial raised their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Bank of America upped their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Citigroup lifted their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Finally, The Goldman Sachs Group increased their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five equities 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Stock Performance

APH opened at $66.56 on Friday. The firm’s fifty day simple moving average is $67.86 and its two-hundred day simple moving average is $68.78. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. The company has a market cap of $80.66 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

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

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio is currently 34.55%.

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.