Arjuna Capital Sells 558 Shares of Amphenol Co. (NYSE:APH)

Arjuna Capital cut its holdings in shares of Amphenol Co. (NYSE:APH) by 2.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 27,636 shares of the electronics maker’s stock after selling 558 shares during the period. Arjuna Capital’s holdings in Amphenol were worth $1,919,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of APH. Jacobs Levy Equity Management Inc. boosted its position in 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 acquiring an additional 2,032,402 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Amphenol during the 3rd quarter worth $113,828,000. Los Angeles Capital Management LLC boosted its position in Amphenol by 3,103.8% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker’s stock valued at $116,995,000 after purchasing an additional 1,632,014 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Amphenol in the fourth quarter valued at about $109,276,000. Finally, State Street Corp raised its holdings in Amphenol by 3.0% in the third 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. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Up 2.0 %

Amphenol stock opened at $62.99 on Friday. The business’s 50-day simple moving average is $69.31 and its two-hundred day simple moving average is $68.69. 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 company has a market cap of $76.28 billion, a PE ratio of 32.89, a PEG ratio of 1.92 and a beta of 1.25. Amphenol Co. has a fifty-two week low of $54.27 and a fifty-two week high of $79.39.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating 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 firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. Equities analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued 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 (DPR) is presently 34.55%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on APH shares. The Goldman Sachs Group lifted their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Robert W. Baird increased 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. Bank of America boosted their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Finally, Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Profile

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.