Goldman Sachs Group Inc. Purchases 39,737 Shares of Amphenol Co. (NYSE:APH)

Goldman Sachs Group Inc. boosted its position in Amphenol Co. (NYSE:APHGet Rating) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,448,837 shares of the electronics maker’s stock after acquiring an additional 39,737 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Amphenol were worth $214,175,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC bought a new stake in Amphenol during the 4th quarter worth approximately $32,000. Arlington Partners LLC bought a new stake in Amphenol during the 4th quarter worth approximately $36,000. Confluence Wealth Services Inc. bought a new stake in Amphenol during the 4th quarter worth approximately $51,000. UMB Bank N A MO bought a new stake in Amphenol during the 4th quarter worth approximately $52,000. Finally, Assetmark Inc. increased its holdings in Amphenol by 83.1% during the 3rd quarter. Assetmark Inc. now owns 659 shares of the electronics maker’s stock worth $48,000 after purchasing an additional 299 shares in the last quarter. 95.80% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on APH shares. Robert W. Baird restated an “outperform” rating and issued a $85.00 target price on shares of Amphenol in a research note on Friday, April 29th. Citigroup cut their target price on Amphenol from $100.00 to $90.00 in a research note on Thursday, April 28th. Morgan Stanley cut their target price on Amphenol from $84.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Monday, April 25th. Finally, StockNews.com started coverage on Amphenol in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $84.40.

APH stock traded up $1.84 during midday trading on Friday, reaching $70.47. 1,909,751 shares of the company’s stock traded hands, compared to its average volume of 2,617,382. The company has a 50-day moving average price of $72.88 and a two-hundred day moving average price of $77.97. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.72 and a current ratio of 2.55. Amphenol Co. has a 52 week low of $64.51 and a 52 week high of $88.45. The firm has a market capitalization of $42.08 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Amphenol (NYSE:APHGet Rating) last issued its earnings results on Wednesday, April 27th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Amphenol had a net margin of 14.73% and a return on equity of 26.69%. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, analysts predict that Amphenol Co. will post 2.82 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 13th. Shareholders of record on Tuesday, June 21st will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, June 17th. This represents a $0.80 dividend on an annualized basis and a yield of 1.14%. Amphenol’s payout ratio is 29.74%.

Amphenol Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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