CIBC Asset Management Inc Grows Stake in Amphenol Co. (NYSE:APH)

CIBC Asset Management Inc boosted its stake in Amphenol Co. (NYSE:APH) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,401 shares of the electronics maker’s stock after buying an additional 8,490 shares during the quarter. CIBC Asset Management Inc’s holdings in Amphenol were worth $14,821,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of APH. Swedbank AB increased its position in shares of Amphenol by 38.5% during the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock worth $234,592,000 after purchasing an additional 1,000,000 shares in the last quarter. Blue Trust Inc. boosted its stake in Amphenol by 420.0% during the 3rd quarter. Blue Trust Inc. now owns 8,773 shares of the electronics maker’s stock worth $591,000 after purchasing an additional 7,086 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Amphenol by 31.5% during the third quarter. Raymond James & Associates now owns 454,515 shares of the electronics maker’s stock worth $29,616,000 after buying an additional 108,965 shares in the last quarter. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Amphenol in the third quarter valued at about $583,000. Finally, Crew Capital Management Ltd. purchased a new position in shares of Amphenol in the third quarter worth about $250,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Trading Down 0.7 %

Shares of APH stock opened at $68.88 on Tuesday. The company has a 50-day moving average of $71.18 and a two-hundred day moving average of $68.42. The firm has a market cap of $83.05 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. Amphenol Co. has a 1-year low of $52.06 and a 1-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.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 yield of 0.96%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is 34.46%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Evercore ISI upped their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Citigroup upped their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Finally, Bank of America boosted their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.68.

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.