Amphenol Co. (NYSE:APH) Stock Holdings Lowered by Amalgamated Bank

Amalgamated Bank reduced its holdings in Amphenol Co. (NYSE:APH - Free Report) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 250,032 shares of the electronics maker's stock after selling 9,044 shares during the quarter. Amalgamated Bank's holdings in Amphenol were worth $17,365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in APH. Princeton Global Asset Management LLC increased its holdings in shares of Amphenol by 0.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock valued at $1,634,000 after acquiring an additional 136 shares during the last quarter. WASHINGTON TRUST Co boosted its holdings in Amphenol by 23.0% in the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock worth $55,000 after purchasing an additional 147 shares during the period. Fortitude Family Office LLC increased its stake in Amphenol by 13.9% during the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker's stock valued at $84,000 after purchasing an additional 158 shares during the last quarter. 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 period. Finally, Fragasso Financial Advisors Inc lifted its position in shares of Amphenol by 4.7% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock worth $266,000 after buying an additional 171 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Shares of NYSE:APH traded up $1.11 on Friday, hitting $66.57. The company's stock had a trading volume of 10,480,849 shares, compared to its average volume of 7,859,414. Amphenol Co. has a 12 month low of $54.24 and a 12 month high of $79.39. The stock's 50-day moving average is $70.21 and its two-hundred day moving average is $68.75. 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 company has a market capitalization of $80.62 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results 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 analysts' expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol's quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter last year, the company earned $0.82 EPS. On average, equities research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company 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. This represents a $0.66 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol's payout ratio is currently 34.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on APH shares. Truist Financial boosted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped 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. Bank of America raised their price target on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Robert W. Baird boosted their price objective on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their target price on Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $80.68.

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.