J. W. Coons Advisors LLC Sells 660 Shares of Amphenol Co. (NYSE:APH)

J. W. Coons Advisors LLC reduced its stake in shares of Amphenol Co. (NYSE:APH) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,385 shares of the electronics maker’s stock after selling 660 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Amphenol were worth $1,971,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of APH. Swedbank AB grew its stake in shares of Amphenol by 38.5% during the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock valued at $234,592,000 after buying an additional 1,000,000 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Amphenol by 5.6% in the third quarter. Private Advisor Group LLC now owns 39,185 shares of the electronics maker’s stock worth $2,553,000 after purchasing an additional 2,061 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Amphenol in the third quarter worth about $81,670,000. Dakota Wealth Management grew its stake in shares of Amphenol by 8.6% in the third quarter. Dakota Wealth Management now owns 39,049 shares of the electronics maker’s stock worth $2,544,000 after purchasing an additional 3,076 shares during the last quarter. Finally, Silver Oak Securities Incorporated bought a new stake in shares of Amphenol in the third quarter worth about $514,000. 97.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on APH shares. Bank of America raised their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Robert W. Baird raised their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Truist Financial raised their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective 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, Citigroup raised their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Price Performance

APH stock opened at $67.58 on Monday. The firm has a market capitalization of $81.84 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.97 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The firm has a 50 day moving average price of $70.73 and a 200-day moving average price of $68.74. Amphenol Co. has a 52-week low of $52.89 and a 52-week high of $79.39.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 earnings per share. Equities research analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal 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 0.98%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 34.46%.

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.