Federated Hermes Inc. Sells 12,049 Shares of Amphenol Co. (NYSE:APH)

Federated Hermes Inc. decreased its holdings in Amphenol Co. (NYSE:APH) by 11.0% in the 4th quarter, HoldingsChannel reports. The firm owned 97,921 shares of the electronics maker’s stock after selling 12,049 shares during the quarter. Federated Hermes Inc.’s holdings in Amphenol were worth $6,801,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of Amphenol by 208.8% in the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock valued at $1,765,000 after buying an additional 18,322 shares during the last quarter. Spire Wealth Management lifted its position in shares of Amphenol by 34.1% during the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock worth $6,836,000 after purchasing an additional 25,007 shares in the last quarter. Consolidated Planning Corp grew its stake in shares of Amphenol by 37.0% during the fourth quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker’s stock valued at $1,192,000 after purchasing an additional 4,631 shares during the last quarter. Pines Wealth Management LLC bought a new stake in shares of Amphenol during the fourth quarter valued at approximately $553,000. Finally, Kanawha Capital Management LLC increased its holdings in shares of Amphenol by 4.5% in the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker’s stock valued at $10,547,000 after purchasing an additional 6,481 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Down 3.0 %

Shares of NYSE:APH opened at $64.21 on Friday. The company has a 50 day moving average price of $65.97 and a two-hundred day moving average price of $68.69. The company has a market capitalization of $77.80 billion, a PE ratio of 33.53, a PEG ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

Amphenol (NYSE:APH) last released 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. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. Analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were given a $0.165 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.03%. Amphenol’s dividend payout ratio is presently 34.55%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on APH shares. Robert W. Baird increased their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Bank of America raised their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. The Goldman Sachs Group lowered their price objective on Amphenol from $89.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group cut their target price on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Truist Financial lifted their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Four investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.60.

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.