GAM Holding AG Sells 2,743 Shares of Amphenol Co. (NYSE:APH)

GAM Holding AG cut its holdings in Amphenol Co. (NYSE:APH) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,703 shares of the electronics maker’s stock after selling 2,743 shares during the period. GAM Holding AG’s holdings in Amphenol were worth $1,577,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in Amphenol during the fourth quarter valued at $28,000. Brown Brothers Harriman & Co. grew its holdings in Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 166 shares during the period. Continuum Advisory LLC grew its holdings in Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 234 shares during the period. Hanson & Doremus Investment Management bought a new position in Amphenol during the fourth quarter valued at $32,000. Finally, Endeavor Private Wealth Inc. bought a new position in Amphenol during the fourth quarter valued at $49,000. 97.01% of the stock is owned by institutional investors.

Amphenol Trading Up 0.1 %

Shares of APH stock opened at $68.95 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a 52-week low of $52.06 and a 52-week high of $79.39. The company has a market capitalization of $83.13 billion, a PE ratio of 36.01, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. The business’s fifty day moving average is $71.02 and its 200 day moving average is $68.54.

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 analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the business posted $0.82 earnings per share. The firm’s revenue was up 29.8% compared to the same quarter last year. On average, equities research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 dividend on an annualized basis and a yield of 0.96%. Amphenol’s payout ratio is 34.46%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Evercore ISI increased their target price on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. TD Cowen increased their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Citigroup increased their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, Truist Financial increased their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report 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 assigned a strong buy rating to the company. According to data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

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.