Farmers & Merchants Investments Inc. Has $28.72 Million Stake in Amphenol Co. (NYSE:APH)

Farmers & Merchants Investments Inc. lowered its stake in shares of Amphenol Co. (NYSE:APH) by 0.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 413,585 shares of the electronics maker’s stock after selling 686 shares during the quarter. Amphenol accounts for about 0.9% of Farmers & Merchants Investments Inc.’s investment portfolio, making the stock its 23rd largest holding. Farmers & Merchants Investments Inc.’s holdings in Amphenol were worth $28,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in APH. Jacobs Levy Equity Management Inc. boosted its position in shares of Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after acquiring an additional 2,032,402 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Amphenol in the 3rd quarter valued at $113,828,000. State Street Corp raised its holdings in shares of Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after buying an additional 1,537,880 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Amphenol by 151.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker’s stock worth $144,047,000 after buying an additional 1,332,298 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Amphenol by 157.2% in the third quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker’s stock valued at $125,899,000 after buying an additional 1,180,944 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Trading Down 0.3 %

NYSE APH opened at $69.81 on Friday. The firm has a market capitalization of $84.16 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. The business’s 50-day moving average price is $71.57 and its two-hundred day moving average price is $68.12. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 12 month low of $51.13 and a 12 month high of $79.39.

Amphenol (NYSE:APH) last announced 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. The business 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 firm’s revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. On average, analysts expect that Amphenol Co. will post 2.26 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.95%. Amphenol’s payout ratio is 34.46%.

Analyst Ratings Changes

APH has been the subject of several research analyst reports. Bank of America boosted their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. TD Cowen increased their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

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.