Amphenol Co. (NYSE:APH) Stake Reduced by South Street Advisors LLC

South Street Advisors LLC lowered its position in Amphenol Co. (NYSE:APH) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 351,521 shares of the electronics maker’s stock after selling 18,253 shares during the period. Amphenol makes up approximately 3.7% of South Street Advisors LLC’s investment portfolio, making the stock its 5th largest holding. South Street Advisors LLC’s holdings in Amphenol were worth $24,413,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. State Street Corp boosted its position in Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after purchasing an additional 1,537,880 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Amphenol by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock valued at $1,601,540,000 after buying an additional 564,991 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Amphenol by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,760,270 shares of the electronics maker’s stock valued at $469,501,000 after buying an additional 201,600 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after buying an additional 2,032,402 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of Amphenol by 19.4% during the 4th quarter. Swedbank AB now owns 4,300,252 shares of the electronics maker’s stock valued at $298,653,000 after buying an additional 700,000 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on APH. Citigroup increased 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. Robert W. Baird increased their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial increased their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Bank of America increased their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Five research 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 MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Stock Up 1.4 %

Shares of APH opened at $63.88 on Tuesday. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. The company has a market capitalization of $77.37 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The stock has a fifty day simple moving average of $68.43 and a two-hundred day simple moving average of $68.53. 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 released its quarterly 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 during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company’s revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 EPS. As a group, equities analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio is presently 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.