Maryland State Retirement & Pension System Cuts Stake in Amphenol Co. (NYSE:APH)

Maryland State Retirement & Pension System trimmed its stake in Amphenol Co. (NYSE:APH) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,466 shares of the electronics maker’s stock after selling 4,032 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Amphenol were worth $4,408,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of APH. Xponance Inc. raised its position in shares of Amphenol by 2.2% in the 4th quarter. Xponance Inc. now owns 229,154 shares of the electronics maker’s stock worth $15,915,000 after buying an additional 5,014 shares during the period. Intech Investment Management LLC increased its position in shares of Amphenol by 1.0% in the fourth quarter. Intech Investment Management LLC now owns 32,905 shares of the electronics maker’s stock worth $2,285,000 after acquiring an additional 325 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in Amphenol in the fourth quarter valued at about $3,159,000. Horizon Investments LLC lifted its position in Amphenol by 59.9% during the 4th quarter. Horizon Investments LLC now owns 56,084 shares of the electronics maker’s stock worth $3,895,000 after acquiring an additional 21,020 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Amphenol by 19.0% in the fourth quarter. Advisors Asset Management Inc. now owns 127,170 shares of the electronics maker’s stock valued at $8,832,000 after purchasing an additional 20,271 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup boosted their price objective on shares of 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 report on Thursday, January 23rd. Robert W. Baird lifted their price objective on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Bank of America raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Performance

APH opened at $67.53 on Thursday. 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 business’s 50 day moving average is $68.19 and its 200-day moving average is $68.50. The stock has a market cap of $81.79 billion, a PE ratio of 35.27, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Amphenol Co. has a twelve month low of $54.72 and a twelve month high of $79.39.

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

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid 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 yield of 0.98%. 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.