Voya Investment Management LLC Purchases 980,319 Shares of Amphenol Co. (NYSE:APH)

Voya Investment Management LLC boosted its position in Amphenol Co. (NYSE:APH) by 25.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,809,203 shares of the electronics maker’s stock after buying an additional 980,319 shares during the quarter. Voya Investment Management LLC owned approximately 0.40% of Amphenol worth $333,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC raised its holdings in Amphenol by 0.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock valued at $1,634,000 after buying an additional 136 shares during the last quarter. WASHINGTON TRUST Co lifted its holdings in Amphenol by 23.0% in the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock worth $55,000 after buying an additional 147 shares during the period. Fragasso Financial Advisors Inc lifted its stake in Amphenol by 4.7% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock worth $266,000 after acquiring an additional 171 shares during the period. Newbridge Financial Services Group Inc. boosted its holdings in Amphenol by 3.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker’s stock valued at $381,000 after acquiring an additional 173 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its holdings in Amphenol by 3.5% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker’s stock worth $363,000 after purchasing an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on APH. Bank of America increased their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. UBS Group lowered their target price on Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Truist Financial increased their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their target price on shares of Amphenol from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Finally, Robert W. Baird lifted 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. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.40.

Amphenol Trading Up 8.2 %

Shares of NYSE:APH opened at $71.13 on Thursday. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $79.39. The stock’s fifty day moving average price is $65.24 and its 200-day moving average price is $68.78. The company has a market cap of $86.19 billion, a P/E ratio of 37.14, a PEG ratio of 1.92 and a beta of 1.17. 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 announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. During the same period in the previous year, the business posted $0.40 earnings per share. Sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

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.