TD Waterhouse Canada Inc. Trims Holdings in Amphenol Co. (NYSE:APH)

TD Waterhouse Canada Inc. decreased its stake in shares of Amphenol Co. (NYSE:APH) by 2.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 127,094 shares of the electronics maker’s stock after selling 3,319 shares during the period. TD Waterhouse Canada Inc.’s holdings in Amphenol were worth $8,832,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Amphenol by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock valued at $10,565,279,000 after acquiring an additional 2,108,578 shares during the period. FMR LLC boosted its holdings in Amphenol by 2.6% in the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock valued at $7,240,202,000 after purchasing an additional 2,643,752 shares during the period. Geode Capital Management LLC grew its position in shares of Amphenol by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock valued at $1,754,672,000 after purchasing an additional 659,560 shares in the last quarter. Norges Bank bought a new position in shares of Amphenol in the fourth quarter worth $1,378,794,000. Finally, Invesco Ltd. raised its position in shares of Amphenol by 1.2% in the fourth quarter. Invesco Ltd. now owns 9,057,928 shares of the electronics maker’s stock worth $629,073,000 after buying an additional 107,482 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Trading Down 2.2 %

Shares of APH stock opened at $63.62 on Tuesday. The business has a 50-day moving average of $65.27 and a 200 day moving average of $68.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $79.39. The stock 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.

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. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the business earned $0.82 earnings per share. The business’s revenue was up 29.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.04%. Amphenol’s payout ratio is presently 34.55%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on APH. The Goldman Sachs Group decreased their target price on Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. UBS Group lowered their target price on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Bank of America boosted their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Amphenol from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Finally, Citigroup cut their target price on shares of Amphenol from $89.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.40.

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.