Winslow Capital Management LLC Sells 334,708 Shares of Amphenol Co. (NYSE:APH)

Winslow Capital Management LLC lessened its position in Amphenol Co. (NYSE:APH - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,719,585 shares of the electronics maker's stock after selling 334,708 shares during the period. Winslow Capital Management LLC owned approximately 0.31% of Amphenol worth $258,325,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its stake in Amphenol by 8.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 10,342 shares of the electronics maker's stock valued at $674,000 after buying an additional 811 shares during the period. IHT Wealth Management LLC increased its stake in shares of Amphenol by 66.9% during the third quarter. IHT Wealth Management LLC now owns 5,314 shares of the electronics maker's stock valued at $343,000 after acquiring an additional 2,130 shares during the period. EP Wealth Advisors LLC raised its holdings in Amphenol by 176.9% during the third quarter. EP Wealth Advisors LLC now owns 11,089 shares of the electronics maker's stock worth $723,000 after purchasing an additional 7,084 shares in the last quarter. MML Investors Services LLC lifted its position in Amphenol by 14.8% in the third quarter. MML Investors Services LLC now owns 117,884 shares of the electronics maker's stock worth $7,681,000 after purchasing an additional 15,229 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in Amphenol during the 3rd quarter valued at $325,000. Institutional investors own 97.01% of the company's stock.

Amphenol Stock Down 0.1 %

NYSE:APH traded down $0.08 during mid-day trading on Monday, reaching $65.32. The stock had a trading volume of 2,047,212 shares, compared to its average volume of 7,389,036. Amphenol Co. has a fifty-two week low of $54.72 and a fifty-two week high of $79.39. The business's 50 day moving average is $65.88 and its 200 day moving average is $68.71. The stock has a market cap of $79.15 billion, a P/E ratio of 34.11, a PEG ratio of 1.92 and a beta of 1.17. 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 (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, topping the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm earned $0.82 EPS. Amphenol's quarterly revenue was up 29.8% compared to the same quarter last year. As a group, sell-side analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on 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 shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Truist Financial boosted their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Robert W. Baird upped their price target on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group cut their target price on Amphenol from $89.00 to $72.00 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.