Harvey Investment Co. LLC Sells 865 Shares of Amphenol Co. (NYSE:APH)

Harvey Investment Co. LLC reduced its holdings in shares of Amphenol Co. (NYSE:APH) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 264,415 shares of the electronics maker’s stock after selling 865 shares during the period. Amphenol accounts for approximately 2.1% of Harvey Investment Co. LLC’s investment portfolio, making the stock its 17th biggest holding. Harvey Investment Co. LLC’s holdings in Amphenol were worth $18,364,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in APH. Trifecta Capital Advisors LLC boosted its position in shares of Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares during the period. Continuum Advisory LLC raised its position in shares of Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 234 shares during the period. Hanson & Doremus Investment Management bought a new position in shares of Amphenol in the 4th quarter worth $32,000. Finally, Endeavor Private Wealth Inc. bought a new stake in Amphenol during the 4th quarter valued at $49,000. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Robert W. Baird lifted their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Evercore ISI lifted their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group increased their price target on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Citigroup lifted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Price Performance

APH opened at $69.97 on Friday. The firm has a market cap of $84.36 billion, a P/E ratio of 36.54, a PEG ratio of 2.17 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 Co. has a fifty-two week low of $51.13 and a fifty-two week high of $79.39. The firm has a 50-day moving average of $71.63 and a 200 day moving average of $68.10.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the business posted $0.82 EPS. Amphenol’s quarterly revenue was up 29.8% compared to the same quarter last year. On average, research analysts expect that Amphenol Co. will post 2.26 EPS for the current 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. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. Amphenol’s payout ratio is 34.46%.

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.