Torray Investment Partners LLC Has $7.33 Million Stock Position in Amphenol Co. (NYSE:APH)

Torray Investment Partners LLC boosted its holdings in shares of Amphenol Co. (NYSE:APH) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 105,578 shares of the electronics maker’s stock after acquiring an additional 1,551 shares during the quarter. Torray Investment Partners LLC’s holdings in Amphenol were worth $7,332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of APH. Tacita Capital Inc raised its holdings in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 296 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Amphenol during the 4th quarter worth about $28,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after buying an additional 166 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares in the last quarter. Finally, Hanson & Doremus Investment Management acquired a new position in Amphenol in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on APH shares. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Citigroup upped their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. The Goldman Sachs Group boosted their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird increased their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Finally, Bank of America boosted their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Trading Down 5.0 %

Shares of Amphenol stock opened at $63.25 on Tuesday. Amphenol Co. has a 1 year low of $54.27 and a 1 year high of $79.39. The company’s fifty day simple moving average is $69.97 and its 200-day simple moving average is $68.81. The company has a market cap of $76.60 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 1.92 and a beta of 1.23. 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 posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion for 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 business’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. As a group, sell-side analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given 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 1.04%. Amphenol’s dividend payout ratio is currently 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.