ICW Investment Advisors LLC Cuts Stock Position in Amphenol Co. (NYSE:APH)

ICW Investment Advisors LLC lowered its holdings in Amphenol Co. (NYSE:APH) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,013 shares of the electronics maker’s stock after selling 227 shares during the period. ICW Investment Advisors LLC’s holdings in Amphenol were worth $1,112,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in Amphenol by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock worth $10,565,279,000 after purchasing an additional 2,108,578 shares during the last quarter. State Street Corp lifted its position in shares of Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after buying an additional 1,537,880 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Amphenol by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock valued at $1,601,540,000 after buying an additional 564,991 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Amphenol by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,760,270 shares of the electronics maker’s stock valued at $469,501,000 after buying an additional 201,600 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after purchasing an additional 2,032,402 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of Amphenol stock opened at $66.78 on Monday. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $80.92 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The business’s 50-day moving average price is $68.01 and its 200-day moving average price is $68.57. Amphenol Co. has a 12 month low of $54.72 and a 12 month high of $79.39.

Amphenol (NYSE:APH) last announced 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. The firm 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%. The company’s revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 EPS. Sell-side analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given 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 0.99%. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of recent research reports. Bank of America increased their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Truist Financial increased 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. Citigroup increased their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Robert W. Baird increased their price objective on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and an average target price of $80.68.

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.