Alecta Tjanstepension Omsesidigt Sells 1,530,000 Shares of Amphenol Co. (NYSE:APH)

Alecta Tjanstepension Omsesidigt reduced its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,031,600 shares of the electronics maker's stock after selling 1,530,000 shares during the quarter. Amphenol comprises 4.8% of Alecta Tjanstepension Omsesidigt's portfolio, making the stock its 5th largest holding. Alecta Tjanstepension Omsesidigt owned about 1.08% of Amphenol worth $905,566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Amphenol during the 4th quarter valued at $28,000. Hanson & Doremus Investment Management bought a new stake in shares of Amphenol during the 4th quarter worth $32,000. Continuum Advisory LLC boosted its stake in shares of Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock worth $32,000 after acquiring an additional 234 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock worth $32,000 after acquiring an additional 166 shares in the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of Amphenol during the 4th quarter worth $49,000. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Up 1.7 %

Shares of NYSE:APH traded up $1.11 during midday trading on Friday, hitting $66.57. 10,480,849 shares of the stock were exchanged, compared to its average volume of 7,859,414. 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 business's fifty day simple moving average is $70.13 and its two-hundred day simple moving average is $68.77. The company has a market capitalization of $80.62 billion, a PE ratio of 34.76, a P/E/G ratio of 1.92 and a beta of 1.23. Amphenol Co. has a 52-week low of $54.24 and a 52-week high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business 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 firm's revenue for the quarter was up 29.8% on a year-over-year basis. As a group, research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 yield of 0.99%. Amphenol's dividend payout ratio is 34.55%.

Analysts Set New Price Targets

Several research firms have recently weighed in on APH. Bank of America raised their price objective on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Citigroup raised their price objective on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Truist Financial raised their price objective on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird increased their target price on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.