Amphenol Co. (NYSE:APH) is Varenne Capital Partners’ 7th Largest Position

Varenne Capital Partners cut its holdings in shares of Amphenol Co. (NYSE:APH) by 38.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 378,617 shares of the electronics maker’s stock after selling 237,927 shares during the quarter. Amphenol accounts for about 7.8% of Varenne Capital Partners’ portfolio, making the stock its 7th largest holding. Varenne Capital Partners’ holdings in Amphenol were worth $26,295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its position in shares of Amphenol by 208.8% in the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock worth $1,765,000 after acquiring an additional 18,322 shares during the period. Spire Wealth Management lifted its stake in Amphenol by 34.1% in the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock valued at $6,836,000 after buying an additional 25,007 shares in the last quarter. Consolidated Planning Corp raised its holdings in shares of Amphenol by 37.0% during the fourth quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker’s stock valued at $1,192,000 after acquiring an additional 4,631 shares during the last quarter. Pines Wealth Management LLC purchased a new position in shares of Amphenol in the fourth quarter valued at approximately $553,000. Finally, Kanawha Capital Management LLC lifted its holdings in Amphenol by 4.5% in the 4th quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker’s stock valued at $10,547,000 after purchasing an additional 6,481 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on APH. Citigroup lifted their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Bank of America boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Robert W. Baird lifted 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. Finally, Truist Financial upped their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Performance

APH opened at $66.56 on Friday. 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 fifty-two week low of $54.72 and a fifty-two week high of $79.39. The firm has a market cap of $80.66 billion, a PE ratio of 34.76, a P/E/G ratio of 1.92 and a beta of 1.25. The business has a fifty day simple moving average of $67.86 and a 200-day simple moving average of $68.78.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. As a group, equities analysts predict that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 34.55%.

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.