Private Advisor Group LLC Sells 1,410 Shares of Amphenol Co. (NYSE:APH)

Private Advisor Group LLC lessened its stake in shares of Amphenol Co. (NYSE:APH) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,775 shares of the electronics maker’s stock after selling 1,410 shares during the quarter. Private Advisor Group LLC’s holdings in Amphenol were worth $2,623,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of APH. Bryn Mawr Capital Management LLC increased its holdings in Amphenol by 960.2% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 121,515 shares of the electronics maker’s stock worth $8,439,000 after purchasing an additional 110,054 shares in the last quarter. Lyell Wealth Management LP grew its holdings in shares of Amphenol by 1.8% during the fourth quarter. Lyell Wealth Management LP now owns 168,057 shares of the electronics maker’s stock worth $11,672,000 after purchasing an additional 2,965 shares during the last quarter. Convergence Investment Partners LLC increased its stake in shares of Amphenol by 243.2% in the fourth quarter. Convergence Investment Partners LLC now owns 10,852 shares of the electronics maker’s stock valued at $754,000 after buying an additional 7,690 shares during the period. New York State Common Retirement Fund raised its holdings in Amphenol by 3.9% in the 4th quarter. New York State Common Retirement Fund now owns 1,916,741 shares of the electronics maker’s stock valued at $133,118,000 after buying an additional 71,737 shares during the last quarter. Finally, Key Financial Inc boosted its position in Amphenol by 17.5% during the 4th quarter. Key Financial Inc now owns 1,398 shares of the electronics maker’s stock worth $97,000 after buying an additional 208 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Down 0.7 %

Shares of NYSE APH opened at $67.14 on Tuesday. 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 $81.31 billion, a PE ratio of 35.06, a P/E/G ratio of 1.97 and a beta of 1.23. The company’s fifty day simple moving average is $70.57 and its 200 day simple moving average is $68.77. Amphenol Co. has a 12-month low of $53.67 and a 12-month high of $79.39.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The business’s revenue was up 29.8% on a year-over-year basis. As a group, sell-side analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

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

Analyst Ratings Changes

APH has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Citigroup raised their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Truist Financial upped their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Bank of America upped their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.