Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 5,813 Shares of Amphenol Co. (NYSE:APH)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 256,349 shares of the electronics maker's stock after selling 5,813 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Amphenol were worth $17,803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State Street Corp lifted its position in shares of Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker's stock valued at $3,496,777,000 after buying an additional 1,537,880 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Amphenol by 2.3% during the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker's stock valued at $1,601,540,000 after purchasing an additional 564,991 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Amphenol by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,760,270 shares of the electronics maker's stock worth $469,501,000 after purchasing an additional 201,600 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Amphenol by 89.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker's stock worth $280,397,000 after purchasing an additional 2,032,402 shares in the last quarter. Finally, Swedbank AB raised its position in shares of Amphenol by 19.4% during the 4th quarter. Swedbank AB now owns 4,300,252 shares of the electronics maker's stock valued at $298,653,000 after purchasing an additional 700,000 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

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Amphenol Price Performance

APH stock traded up $0.18 during trading on Tuesday, hitting $69.48. 5,202,181 shares of the company's stock traded hands, compared to its average volume of 6,947,365. The business has a fifty day simple moving average of $68.03 and a 200 day simple moving average of $68.63. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39. 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 stock has a market capitalization of $84.19 billion, a price-to-earnings ratio of 36.28, a P/E/G ratio of 1.92 and a beta of 1.25.

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

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.95%. Amphenol's payout ratio is presently 34.55%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on APH. 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. JPMorgan Chase & Co. increased their target price on 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 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. The Goldman Sachs Group lifted their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird upped their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.