Keybank National Association OH Sells 155,807 Shares of Amphenol Co. (NYSE:APH)

Keybank National Association OH reduced its position in shares of Amphenol Co. (NYSE:APH) by 9.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,469,285 shares of the electronics maker’s stock after selling 155,807 shares during the quarter. Keybank National Association OH’s holdings in Amphenol were worth $102,042,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Tacita Capital Inc lifted its holdings in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC bought a new position in Amphenol during the 4th quarter valued at about $28,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 234 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Amphenol during the fourth quarter valued at approximately $32,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Trading Down 5.0 %

Shares of APH opened at $63.25 on Tuesday. Amphenol Co. has a twelve month low of $54.27 and a twelve month high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The company’s fifty day simple moving average is $69.97 and its 200-day simple moving average is $68.81. The company has a market cap of $76.60 billion, a P/E ratio of 33.03, a P/E/G ratio of 1.92 and a beta of 1.23.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The business 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. As a group, analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.04%. Amphenol’s dividend payout ratio (DPR) is 34.55%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on APH shares. Bank of America lifted their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Citigroup lifted their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised 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. Five investment 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 company’s stock. Based on data from MarketBeat.com, the company 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.