Securian Asset Management Inc. Has $4.50 Million Holdings in Amphenol Co. (NYSE:APH)

Securian Asset Management Inc. trimmed its position in shares of Amphenol Co. (NYSE:APH) by 2.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 64,795 shares of the electronics maker’s stock after selling 1,812 shares during the period. Securian Asset Management Inc.’s holdings in Amphenol were worth $4,500,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. lifted 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 during the last quarter. Two Sigma Advisers LP bought a new position in shares of Amphenol during the 3rd quarter valued at $113,828,000. Los Angeles Capital Management LLC lifted its stake in shares of Amphenol by 3,103.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker’s stock valued at $116,995,000 after purchasing an additional 1,632,014 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Amphenol in the fourth quarter worth $109,276,000. Finally, State Street Corp increased its position in Amphenol by 3.0% during the third 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. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on 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 boosted their target price 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 target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Citigroup upped 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 investment 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Stock Performance

NYSE:APH opened at $62.88 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The firm’s 50-day moving average is $68.86 and its 200-day moving average is $68.59. Amphenol Co. has a 52-week low of $54.27 and a 52-week high of $79.39. The company has a market cap of $76.15 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 1.92 and a beta of 1.25.

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, beating the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. Equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 dividend on an annualized basis and a yield of 1.05%. Amphenol’s dividend payout ratio is currently 34.55%.

Amphenol Company 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.