National Pension Service Reduces Stake in Amphenol Co. (NYSE:APH)

National Pension Service decreased its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,760,545 shares of the electronics maker's stock after selling 269,685 shares during the quarter. National Pension Service owned 0.23% of Amphenol worth $191,720,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC acquired a new stake in shares of Amphenol during the fourth quarter worth about $28,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock worth $32,000 after purchasing an additional 166 shares during the period. Continuum Advisory LLC lifted its holdings in shares of Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock worth $32,000 after purchasing an additional 234 shares during the period. Hanson & Doremus Investment Management acquired a new stake in shares of Amphenol during the fourth quarter worth about $32,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in shares of Amphenol during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Price Performance

Shares of APH stock traded up $1.11 during trading hours on Friday, hitting $66.57. 10,480,849 shares of the company's stock were exchanged, compared to its average volume of 7,859,414. 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 firm has a market cap of $80.62 billion, a P/E ratio of 34.76, a P/E/G ratio of 1.92 and a beta of 1.23. The firm has a 50 day moving average of $70.13 and a two-hundred day moving average of $68.77. Amphenol Co. has a fifty-two week low of $54.24 and a fifty-two week high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $4.05 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The firm's revenue for the quarter was up 29.8% on a year-over-year basis. Sell-side analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 dividend yield of 0.99%. The ex-dividend date is Tuesday, March 18th. Amphenol's payout ratio is 34.55%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on APH shares. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Bank of America boosted their price target on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Truist Financial boosted their price target on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their price target on Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Finally, Citigroup boosted their price target on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amphenol presently has an average rating of "Moderate Buy" and a consensus target price of $80.68.

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.