Amphenol Co. (NYSE:APH) Shares Sold by Watchman Group Inc.

Watchman Group Inc. lessened its position in Amphenol Co. (NYSE:APH) by 3.0% during the fourth quarter, Holdings Channel reports. The fund owned 66,496 shares of the electronics maker’s stock after selling 2,051 shares during the quarter. Amphenol comprises approximately 1.2% of Watchman Group Inc.’s investment portfolio, making the stock its 22nd largest position. Watchman Group Inc.’s holdings in Amphenol were worth $4,618,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in APH. Norges Bank purchased a new stake in shares of Amphenol in the fourth quarter worth approximately $1,378,794,000. Madison Investment Advisors LLC bought a new position in shares of Amphenol in the fourth quarter worth about $157,749,000. Vanguard Group Inc. lifted its holdings in shares of Amphenol by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock worth $10,565,279,000 after buying an additional 2,108,578 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted 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 during the period. Finally, Two Sigma Advisers LP acquired a new stake in shares of Amphenol during the 3rd quarter worth approximately $113,828,000. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on APH. Bank of America upped their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Citigroup raised 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. Truist Financial upped their price objective 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. Finally, The Goldman Sachs Group upped their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Five investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Down 2.4 %

Amphenol stock opened at $66.56 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average price of $67.86 and a 200-day moving average price of $68.78. Amphenol Co. has a twelve month low of $54.72 and a twelve month high of $79.39. The company has a market capitalization of $80.66 billion, a P/E ratio of 34.76, a P/E/G ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last released its quarterly earnings data 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 net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the business earned $0.82 earnings per share. Amphenol’s revenue was up 29.8% compared to the same quarter last year. As a group, equities analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 annualized dividend and a yield of 0.99%. Amphenol’s payout ratio is 34.55%.

Amphenol Company 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.