Amphenol Co. (NYSE:APH) Shares Sold by PGGM Investments

PGGM Investments cut its holdings in shares of Amphenol Co. (NYSE:APH) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 188,896 shares of the electronics maker’s stock after selling 9,191 shares during the period. PGGM Investments’ holdings in Amphenol were worth $13,119,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Princeton Global Asset Management LLC boosted its position in Amphenol by 0.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock worth $1,634,000 after acquiring an additional 136 shares during the period. WASHINGTON TRUST Co raised its stake in shares of Amphenol by 23.0% during the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock valued at $55,000 after purchasing an additional 147 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares during the period. Fragasso Financial Advisors Inc grew its position in Amphenol by 4.7% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after buying an additional 171 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its stake in Amphenol by 3.3% during the 4th 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 during the period. 97.01% of the stock is owned by institutional investors.

Amphenol Trading Up 2.0 %

NYSE:APH opened at $62.88 on Thursday. The stock has a fifty day simple moving average of $68.86 and a 200 day simple moving average of $68.59. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $76.15 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 1-year low of $54.27 and a 1-year high of $79.39.

Amphenol (NYSE:APH) last announced its 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 company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period last year, the company posted $0.82 earnings per share. Sell-side analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

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 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 currently 34.55%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Bank of America upped 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. Citigroup lifted their price target 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. upped their price objective on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Truist Financial lifted their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company 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.