Amphenol Co. (NYSE:APH) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its holdings in shares of Amphenol Co. (NYSE:APH) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,136,514 shares of the electronics maker’s stock after selling 703,998 shares during the period. Massachusetts Financial Services Co. MA owned about 1.84% of Amphenol worth $1,537,381,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Tacita Capital Inc lifted its holdings in shares of Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 296 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Amphenol during the fourth quarter worth about $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol in the fourth quarter worth about $28,000. Rakuten Securities Inc. grew its stake in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after buying an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol during the 4th quarter valued at about $32,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Price Performance

Shares of APH opened at $65.96 on Wednesday. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The firm has a market cap of $79.93 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 1.92 and a beta of 1.25. The stock has a 50 day moving average of $67.65 and a 200-day moving average of $68.86.

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

Amphenol Announces Dividend

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 $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 1.00%. Amphenol’s payout ratio is currently 34.55%.

Analysts Set New Price Targets

A number of research firms have weighed in on APH. Citigroup upped their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Bank of America lifted their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird lifted their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Finally, Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Five equities research 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

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.