Amphenol Co. (NYSE:APH) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 824,554 shares of the electronics maker's stock after selling 116,195 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of Amphenol worth $57,265,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nwam LLC purchased a new position in Amphenol during the 3rd quarter worth $229,000. Independent Advisor Alliance lifted its position in shares of Amphenol by 106.0% during the 3rd quarter. Independent Advisor Alliance now owns 8,224 shares of the electronics maker's stock valued at $536,000 after buying an additional 4,232 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock valued at $32,000 after purchasing an additional 166 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Amphenol by 157.2% during the third quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker's stock worth $125,899,000 after purchasing an additional 1,180,944 shares in the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of Amphenol by 231.5% during the third quarter. Quantbot Technologies LP now owns 396,981 shares of the electronics maker's stock worth $25,867,000 after buying an additional 277,245 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

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Amphenol Price Performance

NYSE APH traded down $1.61 during mid-day trading on Friday, hitting $66.56. The stock had a trading volume of 9,489,747 shares, compared to its average volume of 7,253,184. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company has a market cap of $80.66 billion, a price-to-earnings ratio of 34.76, a P/E/G ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. The company has a 50 day simple moving average of $67.86 and a 200 day simple moving average of $68.78.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. 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 company earned $0.82 EPS. The firm's revenue was up 29.8% on a year-over-year basis. Equities analysts forecast 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. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol's payout ratio is 34.55%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on APH shares. Truist Financial boosted their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Bank of America lifted their price objective on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Citigroup raised their target price on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Robert W. Baird lifted their price target on Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Five equities research 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $80.68.

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.