Amphenol Co. (NYSE:APH) Position Lessened by Bfsg LLC

Bfsg LLC reduced its stake in shares of Amphenol Co. (NYSE:APH) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,329 shares of the electronics maker’s stock after selling 554 shares during the quarter. Bfsg LLC’s holdings in Amphenol were worth $6,760,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in shares of Amphenol in the 4th quarter worth about $28,000. Brown Brothers Harriman & Co. increased its stake in shares of Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 166 shares during the period. Continuum Advisory LLC raised 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 valued at $32,000 after buying an additional 234 shares during the last quarter. Hanson & Doremus Investment Management acquired a new position in shares of Amphenol during the fourth quarter worth approximately $32,000. Finally, Endeavor Private Wealth Inc. bought a new position in Amphenol in the 4th quarter worth approximately $49,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Trading Down 0.7 %

NYSE APH opened at $68.88 on Tuesday. The firm’s 50 day moving average price is $71.18 and its two-hundred day moving average price is $68.42. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a twelve month low of $52.06 and a twelve month high of $79.39. The stock has a market cap of $83.05 billion, a price-to-earnings ratio of 35.97, a PEG ratio of 1.99 and a beta of 1.23.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 EPS. Equities analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 34.46%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Citigroup boosted their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Truist Financial increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. TD Cowen boosted their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Bank of America increased their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.