Blair William & Co. IL Reduces Stock Holdings in Amphenol Co. (NYSE:APH)

Blair William & Co. IL reduced its position in Amphenol Co. (NYSE:APH - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,070,194 shares of the electronics maker's stock after selling 22,496 shares during the period. Blair William & Co. IL owned approximately 0.25% of Amphenol worth $213,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Princeton Global Asset Management LLC lifted its stake 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 worth $1,634,000 after purchasing an additional 136 shares during the period. WASHINGTON TRUST Co grew its position in shares of Amphenol by 23.0% during the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock valued at $55,000 after acquiring an additional 147 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock worth $32,000 after purchasing an additional 166 shares in the last quarter. Fragasso Financial Advisors Inc raised its holdings in 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 purchasing an additional 171 shares during the period. Finally, Newbridge Financial Services Group Inc. grew its holdings in Amphenol by 3.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock valued at $381,000 after purchasing an additional 173 shares during the period. Institutional investors own 97.01% of the company's stock.

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Amphenol Price Performance

Shares of Amphenol stock traded down $1.19 during trading on Monday, reaching $65.40. 2,323,585 shares of the stock traded hands, compared to its average volume of 7,234,275. The business has a fifty day simple moving average of $67.86 and a two-hundred day simple moving average of $68.83. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. The company has a market capitalization of $79.25 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH - Get Free Report) last issued 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. 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 analysts' expectations of $4.05 billion. During the same period in the prior year, the firm earned $0.82 EPS. The company's revenue for the quarter was up 29.8% on a year-over-year basis. Sell-side analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

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 issued a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.01%. Amphenol's dividend payout ratio (DPR) is presently 34.55%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. 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. Bank of America lifted their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Robert W. Baird increased their price objective 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. Citigroup lifted their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Finally, The Goldman Sachs Group increased their price target on Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Five research 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.