Tandem Investment Advisors Inc. Sells 22,140 Shares of Amphenol Co. (NYSE:APH)

Tandem Investment Advisors Inc. lowered its position in Amphenol Co. (NYSE:APH - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,164,069 shares of the electronics maker's stock after selling 22,140 shares during the period. Amphenol comprises 3.1% of Tandem Investment Advisors Inc.'s holdings, making the stock its 17th largest position. Tandem Investment Advisors Inc. owned 0.10% of Amphenol worth $80,845,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in Amphenol during the 4th quarter worth approximately $28,000. Hanson & Doremus Investment Management acquired a new position in shares of Amphenol during the fourth quarter worth about $32,000. Continuum Advisory LLC lifted its stake in Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after acquiring an additional 234 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock worth $32,000 after acquiring an additional 166 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in Amphenol during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Performance

Amphenol stock traded down $2.40 during mid-day trading on Tuesday, hitting $64.73. 6,864,553 shares of the company's stock traded hands, compared to its average volume of 7,590,938. Amphenol Co. has a fifty-two week low of $53.67 and a fifty-two week high of $79.39. The stock has a market cap of $78.40 billion, a price-to-earnings ratio of 33.80, a P/E/G ratio of 1.92 and a beta of 1.23. The firm has a 50 day simple moving average of $70.57 and a two-hundred day simple moving average of $68.77. 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 announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm's quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 earnings per share. On average, research analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.02%. Amphenol's payout ratio is 34.46%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Truist Financial lifted their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Bank of America lifted their target price on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Robert W. Baird boosted their price target on Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their price objective on Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a report 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 company. According to MarketBeat, Amphenol currently has a consensus rating of "Moderate Buy" and a consensus target price 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.