SWS Partners Has $1.80 Million Stock Holdings in Amphenol Co. (NYSE:APH)

SWS Partners lowered its stake in Amphenol Co. (NYSE:APH) by 4.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,839 shares of the electronics maker’s stock after selling 1,253 shares during the period. SWS Partners’ holdings in Amphenol were worth $1,799,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. raised its position 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 purchasing an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Amphenol in the third quarter valued at approximately $113,828,000. Los Angeles Capital Management LLC raised its holdings in Amphenol by 3,103.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker’s stock valued at $116,995,000 after buying an additional 1,632,014 shares during the last quarter. State Street Corp boosted its position in Amphenol by 3.0% during the 3rd 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 during the period. Finally, Point72 Asset Management L.P. grew its holdings in Amphenol by 151.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker’s stock worth $144,047,000 after acquiring an additional 1,332,298 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of APH stock opened at $63.25 on Tuesday. Amphenol Co. has a 52 week low of $54.27 and a 52 week high of $79.39. The firm’s 50-day simple moving average is $69.97 and its two-hundred day simple moving average is $68.81. The firm has a market cap of $76.60 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 1.92 and a beta of 1.23. 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 (NYSE:APH) last posted 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 return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. As a group, equities analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 34.55%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Bank of America upped their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Robert W. Baird boosted their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, Citigroup boosted their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

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.