Amphenol Co. (NYSE:APH) Holdings Decreased by Amalgamated Bank

Amalgamated Bank reduced its stake in shares of Amphenol Co. (NYSE:APH) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 250,032 shares of the electronics maker’s stock after selling 9,044 shares during the quarter. Amalgamated Bank’s holdings in Amphenol were worth $17,365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APH. Sierra Ocean LLC acquired a new stake in Amphenol during the 4th quarter worth about $28,000. Brown Brothers Harriman & Co. raised its holdings in Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after buying an additional 166 shares during the period. Continuum Advisory LLC raised its holdings in Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after buying an additional 234 shares during the period. Hanson & Doremus Investment Management acquired a new stake in Amphenol during the 4th quarter worth about $32,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in Amphenol during the 4th quarter worth about $49,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Down 0.7 %

Shares of Amphenol stock opened at $67.14 on Tuesday. The business’s 50 day simple moving average is $70.57 and its 200 day simple moving average is $68.77. Amphenol Co. has a 52-week low of $53.67 and a 52-week high of $79.39. The firm has a market cap of $81.31 billion, a PE ratio of 35.06, 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 announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. On average, analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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 paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.98%. Amphenol’s dividend payout ratio is currently 34.46%.

Wall Street Analysts Forecast Growth

APH has been the topic of several recent analyst reports. Truist Financial boosted their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group lifted their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Robert W. Baird lifted their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Citigroup boosted their price target on 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 issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average target price 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.