Sandhill Capital Partners LLC Lowers Position in Amphenol Co. (NYSE:APH)

Sandhill Capital Partners LLC lowered its position in Amphenol Co. (NYSE:APH) by 6.3% in the 4th quarter, Holdings Channel reports. The fund owned 581,800 shares of the electronics maker’s stock after selling 38,860 shares during the quarter. Amphenol accounts for 3.2% of Sandhill Capital Partners LLC’s holdings, making the stock its 15th biggest holding. Sandhill Capital Partners LLC’s holdings in Amphenol were worth $40,406,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Amphenol during the 4th quarter valued at approximately $1,378,794,000. Wellington Management Group LLP grew its position in Amphenol by 619.9% in the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock worth $487,130,000 after purchasing an additional 6,039,845 shares during the period. FMR LLC increased its position in Amphenol by 2.6% during the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock valued at $7,240,202,000 after acquiring an additional 2,643,752 shares during the last quarter. Madison Investment Advisors LLC purchased a new position in shares of Amphenol in the fourth quarter worth approximately $157,749,000. Finally, Vanguard Group Inc. grew its position in shares of Amphenol by 1.4% during the 4th 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. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of Amphenol stock opened at $60.79 on Tuesday. Amphenol Co. has a 12 month low of $54.72 and a 12 month high of $79.39. The stock’s fifty day moving average price is $66.64 and its 200-day moving average price is $68.82. The firm has a market cap of $73.66 billion, a P/E ratio of 31.74, a P/E/G ratio of 1.92 and a beta of 1.17. 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 (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $0.82 EPS. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, equities research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.09%. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Bank of America raised their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Citigroup lifted their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group upped their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Truist Financial raised their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Five 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 company’s stock. Based on data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus price target of $80.68.

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.