Oppenheimer Asset Management Inc. Sells 7,248 Shares of Amphenol Co. (NYSE:APH)

Oppenheimer Asset Management Inc. lessened its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 185,330 shares of the electronics maker's stock after selling 7,248 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Amphenol were worth $12,871,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in shares of Amphenol during the 4th quarter worth about $28,000. Brown Brothers Harriman & Co. raised its stake in Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock valued at $32,000 after purchasing an additional 166 shares during the period. Continuum Advisory LLC lifted its holdings in shares of Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after purchasing an additional 234 shares in the last quarter. Hanson & Doremus Investment Management acquired a new stake in shares of Amphenol in the fourth quarter worth $32,000. Finally, Endeavor Private Wealth Inc. purchased a new position in shares of Amphenol during the fourth quarter valued at $49,000. Institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

APH traded up $1.11 on Friday, hitting $66.57. The company had a trading volume of 10,480,849 shares, compared to its average volume of 7,859,414. Amphenol Co. has a 1-year low of $54.24 and a 1-year high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The company's fifty day moving average price is $70.13 and its 200 day moving average price is $68.77. The stock has a market cap 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 posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Amphenol's quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. Equities analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced 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 is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.99%. Amphenol's payout ratio is 34.55%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on APH. Citigroup increased 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 target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Bank of America upped their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lifted their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird upped their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $80.68.

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.