Essex Financial Services Inc. Sells 469 Shares of Amphenol Co. (NYSE:APH)

Essex Financial Services Inc. lowered its holdings in Amphenol Co. (NYSE:APH) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,184 shares of the electronics maker’s stock after selling 469 shares during the quarter. Essex Financial Services Inc.’s holdings in Amphenol were worth $777,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of APH. Trifecta Capital Advisors LLC lifted its holdings in Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after buying an additional 338 shares during the period. Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol during the 4th quarter worth $32,000. Continuum Advisory LLC boosted its position in 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 purchasing an additional 234 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in 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 last quarter. Finally, Endeavor Private Wealth Inc. bought a new position in Amphenol in the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

APH has been the topic of a number of recent analyst reports. Bank of America raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. TD Cowen upped their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Citigroup raised their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group upped their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Five 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 company’s stock. According to MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Trading Down 0.3 %

Amphenol stock opened at $69.75 on Thursday. The stock has a 50-day moving average price of $71.48 and a 200 day moving average price of $68.29. The company has a market capitalization of $84.09 billion, a price-to-earnings ratio of 36.42, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. Amphenol Co. has a 52 week low of $51.13 and a 52 week high of $79.39. 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 (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the business posted $0.82 EPS. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. Sell-side analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.95%. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

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.