MetLife Investment Management LLC Buys 4,928 Shares of Amphenol Co. (NYSE:APH)

by · The Cerbat Gem

MetLife Investment Management LLC raised its position in shares of Amphenol Co. (NYSE:APH – Free Report) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 349,032 shares of the electronics maker’s stock after purchasing an additional 4,928 shares during the period. MetLife Investment Management LLC’s holdings in Amphenol were worth $24,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Amphenol during the fourth quarter valued at about $1,378,794,000. Wellington Management Group LLP grew its stake in Amphenol by 619.9% in the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock valued at $487,130,000 after buying an additional 6,039,845 shares in the last quarter. FMR LLC lifted its position in shares of Amphenol by 2.6% during the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock worth $7,240,202,000 after acquiring an additional 2,643,752 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in shares of Amphenol in the fourth quarter valued at $157,749,000. Finally, Vanguard Group Inc. lifted its holdings in Amphenol by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock worth $10,565,279,000 after purchasing an additional 2,108,578 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Citigroup lowered their price target on shares of Amphenol from $89.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 14th. 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 research report on Thursday, January 23rd. The Goldman Sachs Group lowered their price objective on Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Bank of America boosted their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Finally, Truist Financial raised their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Four 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.40.

Read Our Latest Analysis on APH

Amphenol Stock Up 0.6 %

Shares of NYSE APH opened at $65.13 on Friday. Amphenol Co. has a 52-week low of $54.77 and a 52-week high of $79.39. The firm has a market capitalization of $78.93 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.92 and a beta of 1.17. The stock has a 50 day moving average price of $65.39 and a 200 day moving average price of $68.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

Amphenol (NYSE:APH – Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 EPS. Sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

Amphenol Profile

(Free Report)

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.

See Also

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