ING Groep NV Lowers Holdings in Amphenol Co. (NYSE:APH)

ING Groep NV reduced its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 66.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 303,982 shares of the electronics maker's stock after selling 604,780 shares during the period. ING Groep NV's holdings in Amphenol were worth $21,112,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of APH. Blue Trust Inc. boosted its holdings in Amphenol by 208.8% in the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock valued at $1,765,000 after acquiring an additional 18,322 shares in the last quarter. Spire Wealth Management boosted its position in shares of Amphenol by 34.1% during the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock valued at $6,836,000 after buying an additional 25,007 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Amphenol by 50.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker's stock worth $17,477,000 after buying an additional 90,450 shares during the last quarter. LMR Partners LLP grew its stake in shares of Amphenol by 315.1% in the third quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker's stock worth $19,209,000 after acquiring an additional 223,784 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in Amphenol by 22.3% during the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker's stock valued at $6,966,000 after purchasing an additional 19,496 shares during the period. Institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

APH has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group lifted their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Robert W. Baird increased their price objective on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Bank of America increased their price target 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 boosted 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. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $80.68.

Amphenol Trading Down 3.6 %

Amphenol stock traded down $2.39 during trading hours on Tuesday, hitting $64.74. The company had a trading volume of 6,642,701 shares, compared to its average volume of 7,578,605. 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 firm has a market cap of $78.41 billion, a P/E ratio of 33.86, a P/E/G ratio of 1.92 and a beta of 1.23. The company has a 50-day moving average price of $70.57 and a two-hundred day moving average price of $68.77. Amphenol Co. has a 1 year low of $53.67 and a 1 year 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 EPS 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 analyst estimates of $4.05 billion. During the same quarter last year, the firm posted $0.82 earnings per share. The business's revenue for the quarter was up 29.8% on a year-over-year basis. On average, sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is 34.46%.

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.