California Public Employees Retirement System Decreases Stock Holdings in Amphenol Co. (NYSE:APH)

California Public Employees Retirement System reduced its position in Amphenol Co. (NYSE:APH - Free Report) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,589,395 shares of the electronics maker's stock after selling 101,626 shares during the quarter. California Public Employees Retirement System owned approximately 0.46% of Amphenol worth $388,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in APH. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Amphenol by 29,759.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 149,893 shares of the electronics maker's stock valued at $9,767,000 after buying an additional 149,391 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in Amphenol by 37.6% during the 3rd quarter. CreativeOne Wealth LLC now owns 5,955 shares of the electronics maker's stock valued at $388,000 after acquiring an additional 1,627 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Amphenol by 32.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 289,366 shares of the electronics maker's stock worth $18,855,000 after acquiring an additional 70,635 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Amphenol by 15.0% in the third quarter. Public Sector Pension Investment Board now owns 52,842 shares of the electronics maker's stock worth $3,443,000 after acquiring an additional 6,900 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in shares of Amphenol by 1.9% in the third quarter. Rockefeller Capital Management L.P. now owns 212,612 shares of the electronics maker's stock valued at $13,917,000 after purchasing an additional 3,934 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of analysts recently issued reports on APH shares. Truist Financial increased their price objective on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Robert W. Baird increased their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Bank of America boosted 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 increased their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Finally, Citigroup lifted their price objective on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Five investment 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 stock. According to MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.68.

Amphenol Price Performance

APH traded down $4.25 during midday trading on Thursday, hitting $63.65. The stock had a trading volume of 3,831,844 shares, compared to its average volume of 7,261,168. Amphenol Co. has a 1 year low of $54.72 and a 1 year high of $79.39. 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 has a fifty day moving average of $67.45 and a 200 day moving average of $68.85. The company has a market cap of $77.13 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $4.32 billion during 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%. The firm's revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, equities analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.04%. Amphenol's dividend payout ratio is currently 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.