New Mexico Educational Retirement Board Sells 1,300 Shares of Amphenol Co. (NYSE:APH)

New Mexico Educational Retirement Board trimmed its holdings in shares of Amphenol Co. (NYSE:APH) by 2.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,460 shares of the electronics maker’s stock after selling 1,300 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Amphenol were worth $3,991,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Trifecta Capital Advisors LLC lifted its stake in Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 338 shares during the last quarter. Hanson & Doremus Investment Management bought a new stake in shares of Amphenol in the fourth quarter valued at about $32,000. Continuum Advisory LLC increased its holdings in shares of Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 234 shares during the period. Brown Brothers Harriman & Co. lifted its position 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 acquiring an additional 166 shares during the period. Finally, Endeavor Private Wealth Inc. bought a new position in Amphenol in the 4th quarter valued at about $49,000. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Down 0.7 %

Shares of APH stock opened at $68.88 on Friday. The stock has a market cap of $83.42 billion, a P/E ratio of 35.97, a PEG ratio of 1.99 and a beta of 1.23. The company’s fifty day simple moving average is $71.29 and its two-hundred day simple moving average is $68.31. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 52 week low of $52.06 and a 52 week high of $79.39.

Amphenol (NYSE:APH) last posted its quarterly earnings data 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 company 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. Analysts predict that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.96%. Amphenol’s dividend payout ratio is currently 34.55%.

Analyst Ratings Changes

APH has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Evercore ISI boosted their price objective on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen lifted their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Citigroup boosted their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $80.68.

About Amphenol

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.