MetLife Investment Management LLC Raises Stock Position in Amphenol Co. (NYSE:APH)

MetLife Investment Management LLC boosted its stake in Amphenol Co. (NYSE:APH) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 349,032 shares of the electronics maker’s stock after acquiring an additional 4,928 shares during the quarter. MetLife Investment Management LLC’s holdings in Amphenol were worth $24,240,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

APH has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. The Goldman Sachs Group dropped their target price on shares of 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 lifted 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. JPMorgan Chase & Co. dropped their price target on shares of Amphenol from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Citigroup lowered their target price 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. Four research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.40.

Amphenol Stock Performance

NYSE:APH opened at $65.13 on Friday. The company has a market capitalization of $78.93 billion, a PE ratio of 34.01, a P/E/G ratio of 1.92 and a beta of 1.17. 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 company has a 50 day simple moving average of $65.39 and a two-hundred day simple moving average of $68.73. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $79.39.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates 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%. Amphenol’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 EPS. Research analysts anticipate 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. Shareholders of record on Tuesday, March 18th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.01%. Amphenol’s dividend payout ratio (DPR) is 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.