Amphenol Co. (NYSE:APH) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lowered its stake in shares of Amphenol Co. (NYSE:APH) by 1.4% in the fourth quarter, Holdings Channel reports. The firm owned 82,757 shares of the electronics maker’s stock after selling 1,140 shares during the period. Kentucky Retirement Systems’ holdings in Amphenol were worth $5,747,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp raised its holdings in shares of Amphenol by 3.0% during the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after acquiring an additional 1,537,880 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Amphenol by 2.3% during the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock worth $1,601,540,000 after purchasing an additional 564,991 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Amphenol by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker’s stock valued at $427,363,000 after purchasing an additional 63,180 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Amphenol by 25.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock valued at $347,297,000 after purchasing an additional 1,073,480 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Amphenol by 89.5% in 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 purchasing an additional 2,032,402 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

APH has been the subject of a number of recent research reports. Truist Financial increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird increased their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Citigroup boosted 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. TD Cowen increased their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group lifted their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Price Performance

NYSE:APH opened at $69.37 on Friday. Amphenol Co. has a 52 week low of $52.10 and a 52 week high of $79.39. The stock’s fifty day moving average is $70.85 and its two-hundred day moving average is $68.55. The company has a market capitalization of $84.01 billion, a P/E ratio of 36.22, a P/E/G ratio of 1.96 and a beta of 1.23. 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 issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) 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 analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol’s revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. Equities analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is 34.46%.

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.