Bank of Nova Scotia lessened its stake in Amphenol Co. (NYSE:APH - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,451 shares of the electronics maker's stock after selling 56,011 shares during the period. Bank of Nova Scotia's holdings in Amphenol were worth $36,423,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. 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 worth $1,634,000 after buying an additional 136 shares during the period. WASHINGTON TRUST Co boosted its holdings in shares of Amphenol by 23.0% during the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock valued at $55,000 after buying an additional 147 shares in the last quarter. Fragasso Financial Advisors Inc grew its holdings in Amphenol by 4.7% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock worth $266,000 after purchasing an additional 171 shares during the period. Newbridge Financial Services Group Inc. increased 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 valued at $381,000 after buying an additional 173 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its position in shares of Amphenol by 3.5% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock worth $363,000 after purchasing an additional 177 shares during the last quarter. Institutional investors own 97.01% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on APH. Truist Financial lifted their target price on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Robert W. Baird boosted their target price on Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Bank of America raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Citigroup boosted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a report on Friday, January 17th. Finally, UBS Group dropped their target price on shares of Amphenol from $90.00 to $78.00 and set a "buy" rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $80.60.
View Our Latest Analysis on APH
Amphenol Stock Down 0.1 %
Shares of NYSE:APH traded down $0.08 during trading hours on Monday, hitting $65.32. The company's stock had a trading volume of 1,827,701 shares, compared to its average volume of 8,436,819. The firm's fifty day moving average price is $65.88 and its 200 day moving average price is $68.71. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39. The company has a market capitalization of $79.15 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 1.92 and a beta of 1.17. 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 issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol's revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 earnings per share. As a group, research analysts expect that Amphenol Co. will post 2.36 EPS for the current year.
Amphenol Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. Amphenol's dividend payout ratio (DPR) is presently 34.55%.
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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