Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 49,100 Shares of Amphenol Co. (NYSE:APH)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in Amphenol Co. (NYSE:APH) by 15.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 276,464 shares of the electronics maker’s stock after selling 49,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Amphenol were worth $19,200,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. increased its stake in Amphenol by 89.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after acquiring an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in Amphenol in the third quarter worth approximately $113,828,000. State Street Corp boosted its stake in Amphenol by 3.0% in the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after buying an additional 1,537,880 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Amphenol by 151.7% in the third quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker’s stock worth $144,047,000 after buying an additional 1,332,298 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Amphenol by 157.2% in the third quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker’s stock worth $125,899,000 after buying an additional 1,180,944 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of Amphenol stock opened at $67.58 on Friday. 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 company has a market cap of $81.84 billion, a PE ratio of 35.29, a P/E/G ratio of 1.97 and a beta of 1.23. The business has a 50 day moving average of $70.73 and a 200 day moving average of $68.68. Amphenol Co. has a 52 week low of $52.89 and a 52 week 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, beating analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. As a group, equities research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 yield of 0.98%. Amphenol’s dividend payout ratio (DPR) is 34.46%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on APH. Truist Financial upped their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Bank of America boosted their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” 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 report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.