US Bancorp DE Lowers Stock Holdings in Amphenol Co. (NYSE:APH)

US Bancorp DE reduced its position in Amphenol Co. (NYSE:APH - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 734,098 shares of the electronics maker's stock after selling 7,520 shares during the quarter. US Bancorp DE owned approximately 0.06% of Amphenol worth $50,983,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Princeton Global Asset Management LLC increased its holdings in shares of Amphenol by 0.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock valued at $1,634,000 after purchasing an additional 136 shares during the period. WASHINGTON TRUST Co lifted its holdings in shares of Amphenol by 23.0% during the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock worth $55,000 after purchasing an additional 147 shares during the period. Brown Brothers Harriman & Co. grew its position in Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock valued at $32,000 after buying an additional 166 shares during the last quarter. Fragasso Financial Advisors Inc increased its stake in Amphenol by 4.7% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock valued at $266,000 after buying an additional 171 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its position in Amphenol by 3.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock worth $381,000 after buying an additional 173 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Price Performance

Shares of Amphenol stock traded up $1.61 on Wednesday, hitting $64.66. The company's stock had a trading volume of 7,778,428 shares, compared to its average volume of 7,928,981. 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 firm has a fifty day moving average price of $69.66 and a 200-day moving average price of $68.76. Amphenol Co. has a 52-week low of $54.27 and a 52-week high of $79.39. The company has a market capitalization of $78.31 billion, a P/E ratio of 33.77, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (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 company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The company's revenue for the quarter was up 29.8% compared to the same quarter last year. On average, equities research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.02%. Amphenol's dividend payout ratio (DPR) is 34.55%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on APH shares. Citigroup lifted their target price on shares of 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 lifted 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. Truist Financial increased their target price on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Bank of America increased 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. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $80.68.

Amphenol Company 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.