Epoch Investment Partners Inc. Sells 288,939 Shares of Amphenol Co. (NYSE:APH)

Epoch Investment Partners Inc. cut its stake in shares of Amphenol Co. (NYSE:APH) by 21.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,034,566 shares of the electronics maker’s stock after selling 288,939 shares during the period. Epoch Investment Partners Inc. owned about 0.09% of Amphenol worth $71,851,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of APH. Tacita Capital Inc lifted its holdings in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 296 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Amphenol during the 4th quarter valued at about $28,000. Rialto Wealth Management LLC bought a new position in shares of Amphenol in the 4th quarter worth approximately $28,000. Rakuten Securities Inc. boosted its holdings in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after buying an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management bought a new stake in Amphenol during the fourth quarter valued at approximately $32,000. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Performance

Shares of NYSE APH opened at $65.13 on Friday. The company has a market cap of $78.93 billion, a P/E ratio of 34.01, a P/E/G ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. 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 firm’s fifty day moving average is $65.39 and its two-hundred day moving average is $68.68.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share. As a group, analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.01%. The ex-dividend date was Tuesday, March 18th. Amphenol’s dividend payout ratio is presently 34.55%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on APH. Truist Financial lifted their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group reduced their price target on Amphenol from $89.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. reduced their target price on shares of Amphenol from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday. Robert W. Baird lifted their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Finally, UBS Group reduced their price objective on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.40.

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.