Federated Hermes Inc. Has $6.80 Million Stock Holdings in Amphenol Co. (NYSE:APH)

Federated Hermes Inc. decreased its holdings in Amphenol Co. (NYSE:APH - Free Report) by 11.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 97,921 shares of the electronics maker's stock after selling 12,049 shares during the period. Federated Hermes Inc.'s holdings in Amphenol were worth $6,801,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Princeton Global Asset Management LLC raised its holdings 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 valued at $1,634,000 after buying an additional 136 shares during the period. WASHINGTON TRUST Co lifted its position in shares of 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 purchasing an additional 147 shares in the last quarter. Fragasso Financial Advisors Inc boosted its stake in shares of Amphenol by 4.7% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock valued at $266,000 after purchasing an additional 171 shares during the period. Newbridge Financial Services Group Inc. grew its holdings 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 purchasing an additional 173 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC increased its stake in Amphenol by 3.5% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock worth $363,000 after buying an additional 177 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on APH. Robert W. Baird raised their price objective on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Citigroup cut their price objective on Amphenol from $89.00 to $75.00 and set a "buy" rating on the stock in a research note on Monday. The Goldman Sachs Group decreased their target price on Amphenol from $89.00 to $72.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Bank of America raised their price objective on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Finally, Truist Financial increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Four 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $79.90.

Amphenol Stock Performance

Shares of APH traded down $0.22 during trading hours on Wednesday, reaching $65.54. 1,198,518 shares of the company's stock traded hands, compared to its average volume of 8,372,065. The firm has a market capitalization of $79.42 billion, a price-to-earnings ratio of 34.24, a P/E/G ratio of 1.92 and a beta of 1.17. The business's fifty day simple moving average is $65.72 and its two-hundred day simple moving average is $68.70. Amphenol Co. has a twelve month low of $54.72 and a twelve month high of $79.39. 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 released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (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 firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the company earned $0.82 earnings per share. Amphenol's revenue was up 29.8% compared to the same quarter last year. Analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Tuesday, March 18th. Amphenol's dividend payout ratio is presently 34.55%.

About Amphenol

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.