United Capital Financial Advisors LLC Cuts Position in Amphenol Co. (NYSE:APH)

United Capital Financial Advisors LLC reduced its holdings in shares of Amphenol Co. (NYSE:APH) by 15.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,553 shares of the electronics maker’s stock after selling 45,546 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Amphenol were worth $17,470,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Tacita Capital Inc boosted its position in Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 296 shares during the period. Sierra Ocean LLC acquired a new position in shares of Amphenol during the fourth quarter worth about $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol in the fourth quarter worth about $28,000. Rakuten Securities Inc. grew its stake in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after buying an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Up 0.5 %

NYSE:APH opened at $65.76 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The company has a market capitalization of $79.69 billion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. Amphenol Co. has a one year low of $54.72 and a one year high of $79.39. The stock has a 50-day simple moving average of $65.72 and a 200 day simple moving average of $68.70.

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

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.00%. Amphenol’s payout ratio is currently 34.55%.

Wall Street Analysts Forecast Growth

APH has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped 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. Truist Financial raised their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. UBS Group cut their price objective on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Robert W. Baird raised their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, Bank of America boosted their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.90.

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.