HighTower Advisors LLC Purchases 18,939 Shares of Amphenol Co. (NYSE:APH)

HighTower Advisors LLC grew its position in Amphenol Co. (NYSE:APH) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 237,920 shares of the electronics maker’s stock after acquiring an additional 18,939 shares during the quarter. HighTower Advisors LLC’s holdings in Amphenol were worth $16,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of APH. Jacobs Levy Equity Management Inc. increased its position in shares of Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after purchasing an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP bought a new position in shares of Amphenol during the 3rd quarter valued at approximately $113,828,000. Los Angeles Capital Management LLC increased its position in shares of 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 valued at $116,995,000 after purchasing an additional 1,632,014 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Amphenol during the 4th quarter valued at approximately $109,276,000. Finally, State Street Corp increased 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 valued at $3,496,777,000 after purchasing an additional 1,537,880 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of APH stock opened at $63.08 on Friday. Amphenol Co. has a twelve month low of $54.72 and a twelve month high of $79.39. The stock has a market capitalization of $76.39 billion, a price-to-earnings ratio of 32.94, a P/E/G ratio of 1.92 and a beta of 1.25. The stock has a fifty day simple moving average of $68.57 and a two-hundred day simple moving average of $68.53. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

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 predict that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business 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. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 34.55%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Citigroup boosted their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Bank of America upped their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Robert W. Baird upped their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their price objective on Amphenol from $79.00 to $89.00 and gave the company a “buy” 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.