Pinnacle Financial Partners Inc Trims Stock Position in Amphenol Co. (NYSE:APH)

Pinnacle Financial Partners Inc lessened its holdings in shares of Amphenol Co. (NYSE:APH) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,579 shares of the electronics maker’s stock after selling 629 shares during the period. Pinnacle Financial Partners Inc’s holdings in Amphenol were worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in APH. Sierra Ocean LLC purchased a new position in shares of Amphenol during the fourth quarter worth $28,000. Brown Brothers Harriman & Co. raised its holdings in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares during the last quarter. Continuum Advisory LLC raised its holdings 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 last quarter. Hanson & Doremus Investment Management purchased a new position in shares of Amphenol during the fourth quarter worth $32,000. Finally, Endeavor Private Wealth Inc. purchased a new position in shares of Amphenol during the fourth quarter worth $49,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of APH opened at $67.58 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 stock has a market cap of $81.84 billion, a P/E ratio of 35.29, a PEG ratio of 1.97 and a beta of 1.23. The company has a 50-day moving average of $70.73 and a two-hundred day moving average of $68.74. Amphenol Co. has a 12-month low of $52.89 and a 12-month high of $79.39.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share. As a group, research analysts predict that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.98%. Amphenol’s payout ratio is 34.46%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on APH shares. The Goldman Sachs Group lifted their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird boosted their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Bank of America lifted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Finally, Citigroup lifted their target price 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. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.