Amphenol Co. (NYSE:APH) Shares Sold by Keybank National Association OH

Keybank National Association OH reduced its stake in Amphenol Co. (NYSE:APH - Free Report) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,469,285 shares of the electronics maker's stock after selling 155,807 shares during the quarter. Keybank National Association OH owned about 0.12% of Amphenol worth $102,042,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. lifted its holdings in Amphenol by 89.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker's stock valued at $280,397,000 after purchasing an additional 2,032,402 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Amphenol in the 3rd quarter valued at $113,828,000. Los Angeles Capital Management LLC raised its holdings in Amphenol by 3,103.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker's stock valued at $116,995,000 after acquiring an additional 1,632,014 shares during the last quarter. State Street Corp lifted its stake 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 worth $3,496,777,000 after purchasing an additional 1,537,880 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Amphenol by 151.7% during the third quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker's stock worth $144,047,000 after purchasing an additional 1,332,298 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Citigroup increased their target price on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Robert W. Baird raised 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. Truist Financial increased their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Finally, Bank of America increased their target price on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $80.68.

Amphenol Stock Down 3.1 %

Amphenol stock traded down $2.04 during midday trading on Thursday, hitting $62.67. 2,145,135 shares of the company were exchanged, compared to its average volume of 7,791,343. 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 Co. has a fifty-two week low of $54.27 and a fifty-two week high of $79.39. The company's fifty day moving average price is $69.66 and its 200-day moving average price is $68.76. The company has a market cap of $75.90 billion, a PE ratio of 32.84, a price-to-earnings-growth 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business's revenue was up 29.8% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. On average, research analysts predict 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 $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.05%. Amphenol's dividend payout ratio is presently 34.55%.

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.