Rathbones Group PLC Reduces Stock Holdings in Amphenol Co. (NYSE:APH)

Rathbones Group PLC trimmed its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,219,244 shares of the electronics maker's stock after selling 142,688 shares during the period. Amphenol makes up about 1.1% of Rathbones Group PLC's investment portfolio, making the stock its 22nd largest holding. Rathbones Group PLC owned 0.27% of Amphenol worth $223,576,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Tacita Capital Inc lifted its stake in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after purchasing an additional 296 shares during the period. Sierra Ocean LLC bought a new position in Amphenol in the fourth quarter worth approximately $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol during the 4th quarter worth $28,000. Rakuten Securities Inc. grew its position in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol in the 4th quarter worth $32,000. Institutional investors own 97.01% of the company's stock.

Amphenol Stock Up 2.0 %

APH stock traded up $1.26 during trading on Friday, hitting $65.39. 6,469,069 shares of the company's stock traded hands, compared to its average volume of 7,404,262. The firm has a market capitalization of $79.23 billion, a P/E ratio of 34.14, a PEG ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 1 year low of $54.72 and a 1 year high of $79.39. 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 business has a fifty day simple moving average of $65.88 and a two-hundred day simple moving average of $68.69.

Amphenol (NYSE:APH - Get Free Report) last released 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 analyst estimates of $4.05 billion. During the same period in the previous year, the company posted $0.82 EPS. The business's revenue for the quarter was up 29.8% compared to the same quarter last year. Sell-side analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol's payout ratio is currently 34.55%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on APH. 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 note on Thursday, January 23rd. Bank of America raised their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Citigroup raised their price objective on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Finally, UBS Group cut their price objective on shares of Amphenol from $90.00 to $78.00 and set a "buy" rating on the stock in a research report on Thursday. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.60.

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.