Farther Finance Advisors LLC Acquires 1,600 Shares of Amphenol Co. (NYSE:APH)

Farther Finance Advisors LLC lifted its stake in Amphenol Co. (NYSE:APH) by 12.9% during the fourth quarter, HoldingsChannel reports. The firm owned 13,959 shares of the electronics maker’s stock after purchasing an additional 1,600 shares during the period. Farther Finance Advisors LLC’s holdings in Amphenol were worth $969,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in APH. Jacobs Levy Equity Management Inc. grew its stake in 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 in the last quarter. Two Sigma Advisers LP bought a new position in Amphenol in the third quarter worth approximately $113,828,000. Los Angeles Capital Management LLC increased its holdings in Amphenol by 3,103.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker’s stock worth $116,995,000 after purchasing an additional 1,632,014 shares during the period. Raymond James Financial Inc. bought a new stake in Amphenol during the 4th quarter valued at $109,276,000. Finally, State Street Corp grew its position in shares of Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after buying an additional 1,537,880 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of APH opened at $63.08 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 firm has a market cap of $76.39 billion, a PE ratio of 32.94, a P/E/G ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 12 month low of $54.27 and a 12 month high of $79.39. The stock has a fifty day moving average price of $68.57 and a 200-day moving average price of $68.52.

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, topping the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business 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 company earned $0.82 earnings per share. The company’s quarterly revenue was up 29.8% on a year-over-year basis. Equities research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.05%. Amphenol’s dividend payout ratio is currently 34.55%.

Analyst Ratings Changes

APH has been the subject of several recent research reports. Bank of America lifted their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Robert W. Baird boosted 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. The Goldman Sachs Group increased their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Citigroup boosted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. increased their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

About Amphenol

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.