Crestwood Advisors Group LLC Reduces Stock Position in Amphenol Co. (NYSE:APH)

Crestwood Advisors Group LLC lessened its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 456,760 shares of the electronics maker's stock after selling 4,590 shares during the quarter. Crestwood Advisors Group LLC's holdings in Amphenol were worth $31,722,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in Amphenol during the fourth quarter valued at approximately $28,000. Hanson & Doremus Investment Management bought a new position in Amphenol during the fourth quarter valued at approximately $32,000. Continuum Advisory LLC boosted its stake in Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after buying an additional 234 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Amphenol by 50.0% during the third 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. Finally, Endeavor Private Wealth Inc. bought a new position in Amphenol during the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Stock Down 1.2 %

Shares of Amphenol stock traded down $0.82 during trading on Thursday, reaching $65.41. The company's stock had a trading volume of 6,948,146 shares, compared to its average volume of 7,790,410. The company has a 50-day simple moving average of $70.30 and a two-hundred day simple moving average of $68.77. Amphenol Co. has a 1-year low of $53.85 and a 1-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 company has a market cap of $79.21 billion, a price-to-earnings ratio of 34.16, a P/E/G ratio of 1.92 and a beta of 1.23.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping 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 company had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. The firm's revenue was up 29.8% compared to the same quarter last year. As a group, equities analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently disclosed 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. 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 1.01%. Amphenol's payout ratio is currently 34.46%.

Analyst Ratings Changes

APH has been the subject of several analyst reports. Robert W. Baird raised their price objective on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Bank of America raised their price objective on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Truist Financial raised their price objective on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Five 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.com, Amphenol presently has an average 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.