Zurcher Kantonalbank Zurich Cantonalbank Increases Holdings in Amphenol Co. (NYSE:APH)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Amphenol Co. (NYSE:APH) by 335.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,260,231 shares of the electronics maker’s stock after buying an additional 970,865 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.10% of Amphenol worth $87,523,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Swedbank AB grew its stake in shares of Amphenol by 38.5% during the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock valued at $234,592,000 after buying an additional 1,000,000 shares during the last quarter. Portside Wealth Group LLC raised its position in shares of Amphenol by 24.7% in the 3rd quarter. Portside Wealth Group LLC now owns 4,453 shares of the electronics maker’s stock worth $290,000 after acquiring an additional 882 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Amphenol in the 3rd quarter worth approximately $606,000. Assetmark Inc. grew its stake in shares of Amphenol by 12.3% in the 3rd quarter. Assetmark Inc. now owns 38,936 shares of the electronics maker’s stock worth $2,537,000 after buying an additional 4,272 shares during the last quarter. Finally, Atria Investments Inc grew its stake in shares of Amphenol by 2.0% in the 3rd quarter. Atria Investments Inc now owns 95,363 shares of the electronics maker’s stock worth $6,214,000 after buying an additional 1,896 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Up 2.0 %

Amphenol stock opened at $62.99 on Monday. Amphenol Co. has a fifty-two week low of $54.27 and a fifty-two week high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The firm has a 50 day moving average price of $69.31 and a 200 day moving average price of $68.71. The company has a market capitalization of $76.28 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate 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 firm posted $0.82 earnings per share. Research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.05%. Amphenol’s payout ratio is 34.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Robert W. Baird raised their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Citigroup raised their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. raised 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. Bank of America lifted their price target 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 boosted their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and an average price target of $80.68.

Amphenol 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.