Amphenol Co. (NYSE:APH) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC lessened its holdings in shares of Amphenol Co. (NYSE:APH) by 30.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,338 shares of the electronics maker’s stock after selling 9,432 shares during the period. Legato Capital Management LLC’s holdings in Amphenol were worth $1,482,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. boosted 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 in the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Amphenol in the 3rd quarter valued at about $113,828,000. State Street Corp grew its stake 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 last quarter. Point72 Asset Management L.P. grew its stake 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 buying an additional 1,332,298 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Amphenol by 157.2% during 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 during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America increased their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Citigroup increased their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Robert W. Baird raised their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Finally, TD Cowen upped their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Five investment 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Stock Down 0.3 %

APH opened at $69.75 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a 12 month low of $51.13 and a 12 month high of $79.39. The stock has a market capitalization of $84.09 billion, a P/E ratio of 36.42, a P/E/G ratio of 1.99 and a beta of 1.23. The business has a 50 day simple moving average of $71.48 and a 200-day simple moving average of $68.29.

Amphenol (NYSE:APH) last released 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. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the company earned $0.82 earnings per share. Amphenol’s quarterly revenue was up 29.8% compared to the same quarter last year. On average, equities analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared 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. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is 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.