Cerity Partners LLC Lowers Position in Amphenol Co. (NYSE:APH)

Cerity Partners LLC lowered its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,165,617 shares of the electronics maker's stock after selling 35,423 shares during the period. Cerity Partners LLC owned 0.10% of Amphenol worth $80,221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its position in shares of Amphenol by 208.8% during the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock valued at $1,765,000 after purchasing an additional 18,322 shares in the last quarter. Spire Wealth Management boosted its stake in Amphenol by 34.1% during the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock valued at $6,836,000 after buying an additional 25,007 shares during the period. Consolidated Planning Corp grew its position in Amphenol by 37.0% during the fourth quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock worth $1,192,000 after buying an additional 4,631 shares in the last quarter. Pines Wealth Management LLC bought a new position in Amphenol in the 4th quarter worth about $553,000. Finally, Kanawha Capital Management LLC boosted its position in shares of Amphenol by 4.5% during the 4th quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock valued at $10,547,000 after acquiring an additional 6,481 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Amphenol Trading Up 2.0 %

Shares of Amphenol stock traded up $1.26 on Friday, hitting $65.39. The stock had a trading volume of 6,469,069 shares, compared to its average volume of 7,409,492. The stock's 50-day simple moving average is $65.88 and its two-hundred day simple moving average is $68.71. Amphenol Co. has a one year low of $54.72 and a one year high of $79.39. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The stock has a market cap of $79.23 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The company's quarterly revenue was up 29.8% compared to the same quarter last year. As a group, sell-side analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol's payout ratio is 34.55%.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of recent analyst reports. UBS Group lowered their target price on shares of Amphenol from $90.00 to $78.00 and set a "buy" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lifted 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. Truist Financial increased their target price on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Citigroup lifted their price target on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Finally, Robert W. Baird increased their price objective on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Amphenol has a consensus rating of "Moderate Buy" and a consensus price target of $80.60.

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.