Kentucky Retirement Systems Insurance Trust Fund reduced its stake in Amphenol Co. (NYSE:APH - Free Report) by 84.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,605 shares of the electronics maker's stock after selling 30,051 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Amphenol were worth $389,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Key Financial Inc grew its stake in Amphenol by 17.5% in the 4th quarter. Key Financial Inc now owns 1,398 shares of the electronics maker's stock valued at $97,000 after purchasing an additional 208 shares during the period. D.A. Davidson & CO. grew its stake in Amphenol by 162.5% in the 4th quarter. D.A. Davidson & CO. now owns 13,915 shares of the electronics maker's stock valued at $966,000 after purchasing an additional 8,615 shares during the period. CIBC Asset Management Inc grew its stake in Amphenol by 4.1% in the 4th quarter. CIBC Asset Management Inc now owns 213,401 shares of the electronics maker's stock valued at $14,821,000 after purchasing an additional 8,490 shares during the period. Highview Capital Management LLC DE grew its stake in Amphenol by 4.1% in the 4th quarter. Highview Capital Management LLC DE now owns 16,565 shares of the electronics maker's stock valued at $1,150,000 after purchasing an additional 653 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Amphenol by 0.3% in the 4th quarter. Principal Financial Group Inc. now owns 2,598,845 shares of the electronics maker's stock valued at $180,490,000 after purchasing an additional 7,522 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group increased their price target on Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Finally, Bank of America increased their price target on 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $80.68.
Get Our Latest Analysis on Amphenol
Amphenol Price Performance
NYSE APH traded down $1.80 during trading hours on Friday, hitting $67.58. The company had a trading volume of 8,015,000 shares, compared to its average volume of 7,469,862. Amphenol Co. has a 52 week low of $52.89 and a 52 week high of $79.39. The firm has a 50 day simple moving average of $70.73 and a 200 day simple moving average of $68.68. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The firm has a market capitalization of $81.84 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.97 and a beta of 1.23.
Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter last year, the firm posted $0.82 EPS. The company's revenue was up 29.8% compared to the same quarter last year. Equities research analysts expect 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 issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.98%. Amphenol's payout ratio is currently 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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