TD Asset Management Inc. Reduces Stock Position in Amphenol Co. (NYSE:APH)

TD Asset Management Inc. reduced its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,294,108 shares of the electronics maker's stock after selling 479,203 shares during the quarter. TD Asset Management Inc. owned about 0.27% of Amphenol worth $228,776,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in APH. Tacita Capital Inc raised its holdings in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after acquiring an additional 296 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of Amphenol during the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC bought a new stake in Amphenol during the fourth quarter worth $28,000. Rakuten Securities Inc. raised its position in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after buying an additional 366 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings 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. Institutional investors own 97.01% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on APH shares. Robert W. Baird raised their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Citigroup upped their target price on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a report on Friday, January 17th. The Goldman Sachs Group boosted their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Finally, Bank of America raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $80.68.

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Amphenol Price Performance

Shares of NYSE:APH traded down $1.61 during trading on Friday, reaching $66.56. The company had a trading volume of 9,489,747 shares, compared to its average volume of 7,253,184. The company has a fifty day moving average of $67.86 and a two-hundred day moving average of $68.78. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $80.66 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 12 month low of $54.72 and a 12 month high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the firm earned $0.82 earnings per share. The firm's revenue was up 29.8% on a year-over-year basis. Equities research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

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 paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is presently 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.