Mount Lucas Management LP Sells 1,033 Shares of Amphenol Co. (NYSE:APH)

Mount Lucas Management LP trimmed its position in shares of Amphenol Co. (NYSE:APH) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,614 shares of the electronics maker’s stock after selling 1,033 shares during the period. Mount Lucas Management LP’s holdings in Amphenol were worth $1,432,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of APH. Swedbank AB lifted its position in Amphenol by 38.5% in the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock worth $234,592,000 after purchasing an additional 1,000,000 shares during the period. Portside Wealth Group LLC lifted its holdings in shares of Amphenol by 24.7% during the 3rd quarter. Portside Wealth Group LLC now owns 4,453 shares of the electronics maker’s stock worth $290,000 after acquiring an additional 882 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of Amphenol during the 3rd quarter valued at about $606,000. Assetmark Inc. increased its stake in Amphenol by 12.3% in the third quarter. Assetmark Inc. now owns 38,936 shares of the electronics maker’s stock valued at $2,537,000 after acquiring an additional 4,272 shares during the period. Finally, Atria Investments Inc raised its position in Amphenol by 2.0% in the third quarter. Atria Investments Inc now owns 95,363 shares of the electronics maker’s stock worth $6,214,000 after purchasing an additional 1,896 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on APH shares. Robert W. Baird lifted their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Truist Financial increased their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price 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 increased their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group boosted their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Price Performance

NYSE APH opened at $62.99 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock has a market cap of $76.28 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 1.92 and a beta of 1.25. The business has a 50 day simple moving average of $69.31 and a 200 day simple moving average of $68.71. Amphenol Co. has a 52-week low of $54.27 and a 52-week high of $79.39.

Amphenol (NYSE:APH) last issued 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 company 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 revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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 given 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 1.05%. Amphenol’s dividend payout ratio is currently 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.