Teachers Retirement System of The State of Kentucky Sells 706 Shares of Amphenol Co. (NYSE:APH)

Teachers Retirement System of The State of Kentucky trimmed its holdings in Amphenol Co. (NYSE:APH) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,991 shares of the electronics maker’s stock after selling 706 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Amphenol were worth $6,180,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on APH. JPMorgan Chase & Co. decreased their target price 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. UBS Group dropped their target price on Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group decreased their price target on Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Bank of America lifted their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Finally, Robert W. Baird increased their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.40.

Amphenol Price Performance

APH opened at $65.92 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The company’s 50 day simple moving average is $65.20 and its 200-day simple moving average is $68.76. Amphenol Co. has a one year low of $54.77 and a one year high of $79.39. The stock has a market capitalization of $79.88 billion, a P/E ratio of 34.42, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

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

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.00%. Amphenol’s dividend payout ratio is currently 34.55%.

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.