State of Tennessee Department of Treasury Trims Holdings in Amphenol Co. (NYSE:APH)

State of Tennessee Department of Treasury cut its holdings in shares of Amphenol Co. (NYSE:APH) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 378,176 shares of the electronics maker’s stock after selling 2,698 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Amphenol were worth $26,264,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on APH. Bank of America increased their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Truist Financial upped their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Citigroup decreased their price target on shares of Amphenol from $89.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Robert W. Baird raised their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price target on Amphenol from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.40.

Amphenol Price Performance

Amphenol stock opened at $63.62 on Tuesday. 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 market capitalization of $77.09 billion, a PE ratio of 33.22, a P/E/G ratio of 1.92 and a beta of 1.17. The firm’s 50-day simple moving average is $65.27 and its 200 day simple moving average is $68.78. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $79.39.

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

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.04%. 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.