Connable Office Inc. Sells 646 Shares of Amphenol Co. (NYSE:APH)

Connable Office Inc. decreased its stake in Amphenol Co. (NYSE:APH) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,744 shares of the electronics maker’s stock after selling 646 shares during the period. Connable Office Inc.’s holdings in Amphenol were worth $3,316,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Noesis Capital Mangement Corp increased its holdings in shares of Amphenol by 1.0% in the 4th quarter. Noesis Capital Mangement Corp now owns 341,762 shares of the electronics maker’s stock worth $23,735,000 after buying an additional 3,299 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Amphenol in the 4th quarter worth $372,000. Mutual of America Capital Management LLC increased its holdings in shares of Amphenol by 3.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 202,090 shares of the electronics maker’s stock worth $14,035,000 after buying an additional 7,010 shares during the last quarter. Flputnam Investment Management Co. increased its holdings in shares of Amphenol by 502.2% in the 4th quarter. Flputnam Investment Management Co. now owns 132,616 shares of the electronics maker’s stock worth $9,210,000 after buying an additional 110,595 shares during the last quarter. Finally, Fielder Capital Group LLC increased its holdings in shares of Amphenol by 231.8% in the 4th quarter. Fielder Capital Group LLC now owns 10,861 shares of the electronics maker’s stock worth $754,000 after buying an additional 7,588 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on APH shares. Truist Financial increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group increased their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Bank of America increased 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 target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Robert W. Baird increased their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Five equities research 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’s stock. Based on data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Trading Up 1.7 %

Shares of APH opened at $66.57 on Friday. The firm has a fifty day simple moving average of $70.13 and a two-hundred day simple moving average of $68.77. The stock has a market capitalization of $80.62 billion, a P/E ratio of 34.76, a PEG ratio of 1.92 and a beta of 1.23. 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 twelve month low of $54.24 and a twelve month high of $79.39.

Amphenol (NYSE:APH) last released its quarterly earnings results 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 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 earnings per share. Amphenol’s revenue was up 29.8% on a year-over-year basis. On average, research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is currently 34.55%.

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.