Amphenol Co. (NYSE:APH) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its position in Amphenol Co. (NYSE:APH) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,589,395 shares of the electronics maker’s stock after selling 101,626 shares during the quarter. California Public Employees Retirement System owned about 0.46% of Amphenol worth $388,183,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in Amphenol by 208.8% during the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock worth $1,765,000 after purchasing an additional 18,322 shares during the last quarter. Spire Wealth Management boosted its position in Amphenol by 34.1% during the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock worth $6,836,000 after acquiring an additional 25,007 shares during the last quarter. Consolidated Planning Corp grew its stake in Amphenol by 37.0% during the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker’s stock valued at $1,192,000 after acquiring an additional 4,631 shares in the last quarter. Pines Wealth Management LLC acquired a new stake in Amphenol in the 4th quarter valued at about $553,000. Finally, Kanawha Capital Management LLC lifted its stake in Amphenol by 4.5% in the 4th quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker’s stock worth $10,547,000 after purchasing an additional 6,481 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APH has been the subject of several recent research reports. Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Robert W. Baird raised their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Bank of America boosted their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Truist Financial raised their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Stock Down 2.4 %

Amphenol stock opened at $66.56 on Friday. The company has a market capitalization of $80.66 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. 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 Co. has a fifty-two week low of $54.72 and a fifty-two week high of $79.39. The firm has a 50 day moving average price of $67.86 and a 200 day moving average price of $68.78.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The company’s revenue was up 29.8% on a year-over-year basis. Research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is 34.55%.

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.