Financiere des Professionnels Fonds d investissement inc. trimmed its position in Amphenol Co. (NYSE:APH - Free Report) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,433 shares of the electronics maker's stock after selling 9,045 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Amphenol were worth $8,295,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in APH. Swedbank AB increased its stake in shares of Amphenol by 38.5% in the 3rd quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker's stock valued at $234,592,000 after purchasing an additional 1,000,000 shares during the last quarter. Trust Co. of Vermont grew its position in Amphenol by 7.1% in the third quarter. Trust Co. of Vermont now owns 4,547 shares of the electronics maker's stock valued at $296,000 after acquiring an additional 303 shares during the last quarter. Moss Adams Wealth Advisors LLC bought a new stake in shares of Amphenol during the 3rd quarter valued at approximately $321,000. Blue Trust Inc. grew its holdings in shares of Amphenol by 420.0% during the 3rd quarter. Blue Trust Inc. now owns 8,773 shares of the electronics maker's stock valued at $591,000 after purchasing an additional 7,086 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Amphenol by 31.5% during the 3rd quarter. Raymond James & Associates now owns 454,515 shares of the electronics maker's stock valued at $29,616,000 after purchasing an additional 108,965 shares during the last quarter. 97.01% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Robert W. Baird boosted their price objective on Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Bank of America boosted their price objective on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Evercore ISI boosted their price target on Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amphenol currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.68.
Check Out Our Latest Stock Analysis on Amphenol
Amphenol Trading Down 0.6 %
NYSE APH traded down $0.44 during mid-day trading on Thursday, reaching $69.37. 4,694,666 shares of the stock were exchanged, compared to its average volume of 7,619,076. The stock has a market cap of $84.01 billion, a P/E ratio of 36.22, a P/E/G ratio of 1.96 and a beta of 1.23. 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 Co. has a one year low of $52.10 and a one year high of $79.39. The stock has a 50 day simple moving average of $70.94 and a 200-day simple moving average of $68.55.
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 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 firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the company posted $0.82 EPS. The business's quarterly revenue was up 29.8% on a year-over-year basis. On average, analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.
Amphenol Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Tuesday, March 18th. Amphenol's payout ratio is 34.46%.
About Amphenol
(
Free Report)
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.
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