Van ECK Associates Corp Buys 2,964 Shares of Amphenol Co. (NYSE:APH)

Van ECK Associates Corp grew its stake in Amphenol Co. (NYSE:APH) by 1.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 221,621 shares of the electronics maker’s stock after purchasing an additional 2,964 shares during the period. Van ECK Associates Corp’s holdings in Amphenol were worth $15,392,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. lifted its position in Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after buying an additional 166 shares during the last quarter. Continuum Advisory LLC raised its stake in shares of Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 234 shares during the period. Hanson & Doremus Investment Management purchased a new position in shares of Amphenol during the 4th quarter worth about $32,000. Endeavor Private Wealth Inc. bought a new position in Amphenol during the 4th quarter valued at about $49,000. Finally, Eastern Bank purchased a new stake in Amphenol in the 3rd quarter worth about $54,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Down 0.7 %

Amphenol stock opened at $68.88 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The firm has a market cap of $83.05 billion, a P/E ratio of 35.97, a P/E/G ratio of 1.99 and a beta of 1.23. The business has a fifty day moving average of $71.18 and a two-hundred day moving average of $68.35. Amphenol Co. has a twelve month low of $52.06 and a twelve 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 for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 EPS. On average, analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

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 dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.96%. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on APH. Evercore ISI boosted their target price on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Citigroup upped their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. TD Cowen lifted their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. The Goldman Sachs Group raised their price target 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Five 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol 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.