Truist Financial Corp Has $13.09 Million Position in Amphenol Co. (NYSE:APH)

Truist Financial Corp decreased its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 188,406 shares of the electronics maker's stock after selling 4,026 shares during the period. Truist Financial Corp's holdings in Amphenol were worth $13,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of APH. Jacobs Levy Equity Management Inc. increased its holdings in Amphenol by 89.5% during 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 bought a new position in shares of Amphenol in the third quarter valued at about $113,828,000. State Street Corp lifted its position in 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 buying an additional 1,537,880 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in Amphenol by 151.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker's stock worth $144,047,000 after acquiring an additional 1,332,298 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Amphenol by 157.2% in 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 acquiring an additional 1,180,944 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Amphenol Stock Down 0.7 %

Shares of NYSE:APH traded down $0.45 during mid-day trading on Monday, reaching $67.14. 7,468,362 shares of the stock were exchanged, compared to its average volume of 7,626,085. The company has a market cap of $81.31 billion, a P/E ratio of 35.06, a P/E/G ratio of 1.97 and a beta of 1.23. The stock's 50 day simple moving average is $70.57 and its 200-day simple moving average is $68.77. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a one year low of $53.67 and a one year high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (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 company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the company earned $0.82 earnings per share. The firm's revenue was up 29.8% compared to the same quarter last year. As a group, equities research analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.98%. Amphenol's dividend payout ratio is 34.55%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on APH shares. Bank of America raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Citigroup boosted their price objective on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, January 17th. The Goldman Sachs Group increased 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. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Finally, Robert W. Baird increased their price target on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.