Amphenol Co. (NYSE:APH) is Varenne Capital Partners' 7th Largest Position

Varenne Capital Partners reduced its stake in Amphenol Co. (NYSE:APH - Free Report) by 38.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 378,617 shares of the electronics maker's stock after selling 237,927 shares during the period. Amphenol accounts for about 7.8% of Varenne Capital Partners' investment portfolio, making the stock its 7th biggest holding. Varenne Capital Partners' holdings in Amphenol were worth $26,295,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tacita Capital Inc increased its position in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after buying an additional 296 shares during the period. Sierra Ocean LLC bought a new position in shares of Amphenol during the fourth quarter worth about $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Amphenol in the 4th quarter worth about $28,000. Rakuten Securities Inc. lifted its position in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 366 shares during the last quarter. Finally, Continuum Advisory LLC boosted its stake in Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after purchasing an additional 234 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

APH has been the subject of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Bank of America boosted their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Robert W. Baird boosted their target price on Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Finally, Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Five 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $80.68.

Amphenol Trading Down 6.3 %

APH traded down $4.25 during trading on Thursday, reaching $63.65. The company had a trading volume of 3,831,844 shares, compared to its average volume of 8,054,006. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a 12-month low of $54.72 and a 12-month high of $79.39. The company has a market cap of $77.13 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 1.92 and a beta of 1.17. The firm's 50-day simple moving average is $67.45 and its 200 day simple moving average is $68.85.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm's revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 earnings per share. 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 announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.04%. Amphenol's dividend payout ratio (DPR) is presently 34.55%.

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.