Corebridge Financial Inc. Sells 11,987 Shares of Amphenol Co. (NYSE:APH)

Corebridge Financial Inc. reduced its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 346,613 shares of the electronics maker's stock after selling 11,987 shares during the period. Corebridge Financial Inc.'s holdings in Amphenol were worth $24,072,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Princeton Global Asset Management LLC lifted its position in shares of Amphenol by 0.6% during the 4th 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 in the last quarter. WASHINGTON TRUST Co lifted its holdings in 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 acquiring an additional 147 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock worth $32,000 after acquiring an additional 166 shares during the period. Fragasso Financial Advisors Inc boosted its position 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 last quarter. Finally, Newbridge Financial Services Group Inc. grew its stake in Amphenol by 3.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock valued at $381,000 after purchasing an additional 173 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Amphenol Stock Performance

Shares of NYSE:APH traded down $1.61 during midday trading on Friday, reaching $66.56. 9,489,747 shares of the company traded hands, compared to its average volume of 7,253,184. The firm's fifty day moving average price is $67.86 and its two-hundred day moving average price is $68.72. The firm has a market capitalization of $80.66 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 12 month low of $54.72 and a 12 month high of $79.39.

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 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 period in the prior year, the business posted $0.82 earnings per share. The company's revenue was up 29.8% on a year-over-year basis. On average, equities analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.99%. Amphenol's dividend payout ratio (DPR) is currently 34.55%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Bank of America boosted their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Citigroup boosted their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, January 17th. The Goldman Sachs Group increased their target price 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. Truist Financial lifted their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a report 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.