Marietta Investment Partners LLC Sells 1,314 Shares of Amphenol Co. (NYSE:APH)

Marietta Investment Partners LLC decreased its position in shares of Amphenol Co. (NYSE:APH) by 3.4% during the 4th quarter, Holdings Channel reports. The fund owned 37,768 shares of the electronics maker’s stock after selling 1,314 shares during the quarter. Marietta Investment Partners LLC’s holdings in Amphenol were worth $2,623,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of APH. Swedbank AB boosted its stake in Amphenol by 38.5% during the 3rd quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock worth $234,592,000 after acquiring an additional 1,000,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Amphenol by 26.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,284 shares of the electronics maker’s stock worth $3,798,000 after acquiring an additional 12,345 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in Amphenol by 21.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 12,236 shares of the electronics maker’s stock worth $799,000 after acquiring an additional 2,179 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Amphenol by 39.6% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 957,035 shares of the electronics maker’s stock worth $62,360,000 after acquiring an additional 271,643 shares during the last quarter. Finally, Intech Investment Management LLC boosted its stake in Amphenol by 40.3% during the 3rd quarter. Intech Investment Management LLC now owns 32,580 shares of the electronics maker’s stock worth $2,123,000 after acquiring an additional 9,355 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on APH. Robert W. Baird lifted their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Truist Financial lifted their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Citigroup lifted their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Bank of America lifted their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted 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. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Price Performance

NYSE APH opened at $66.78 on Friday. The company has a market capitalization of $80.88 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 12-month low of $54.72 and a 12-month high of $79.39. The firm’s 50 day moving average is $68.01 and its 200-day moving average is $68.48. 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 (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion for 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 revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 earnings per share. Equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 dividend on an annualized basis and a yield of 0.99%. Amphenol’s payout ratio is 34.55%.

About Amphenol

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.