Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 49,100 Shares of Amphenol Co. (NYSE:APH)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 15.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 276,464 shares of the electronics maker's stock after selling 49,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Amphenol were worth $19,200,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in shares of Amphenol in the 4th quarter worth about $28,000. Hanson & Doremus Investment Management acquired a new position in Amphenol in the fourth quarter valued at approximately $32,000. Continuum Advisory LLC boosted its holdings in shares of Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock worth $32,000 after buying an additional 234 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock worth $32,000 after buying an additional 166 shares during the period. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of Amphenol in the 4th quarter valued at $49,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. The Goldman Sachs Group raised their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Citigroup boosted their target price on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. upped 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. Bank of America raised their price objective on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird upped 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. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $80.68.

Amphenol Stock Up 1.6 %

Shares of NYSE:APH traded up $1.06 during mid-day trading on Wednesday, hitting $66.07. 9,800,999 shares of the company traded hands, compared to its average volume of 7,813,164. The stock has a 50-day moving average price of $70.38 and a two-hundred day moving average price of $68.79. Amphenol Co. has a 12-month low of $53.76 and a 12-month high of $79.39. The stock has a market cap of $80.02 billion, a P/E ratio of 34.50, a P/E/G ratio of 1.92 and a beta of 1.23. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $4.32 billion for 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%. The business's revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 EPS. On average, equities research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.00%. Amphenol's dividend payout ratio (DPR) is 34.46%.

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.