Gabelli Funds LLC Sells 500 Shares of Amphenol Co. (NYSE:APH)

Gabelli Funds LLC lessened its position in Amphenol Co. (NYSE:APH) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,500 shares of the electronics maker’s stock after selling 500 shares during the period. Gabelli Funds LLC’s holdings in Amphenol were worth $5,730,000 as of its most recent SEC filing.

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

Amphenol Stock Up 0.6 %

Shares of APH stock opened at $65.13 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a one year low of $54.72 and a one year high of $79.39. The company’s fifty day moving average price is $65.49 and its 200-day moving average price is $68.67. The company has a market capitalization of $78.93 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH) last announced its quarterly earnings data 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 business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The business’s revenue was up 29.8% on a year-over-year basis. Sell-side analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol’s payout ratio is currently 34.55%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on APH. Robert W. Baird boosted their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on shares of Amphenol from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Thursday. Truist Financial raised their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. UBS Group reduced their price objective on Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, Citigroup cut their price target on Amphenol from $89.00 to $75.00 and set a “buy” rating for the company in a research note on Monday. Four 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. Based on data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average target price of $79.40.

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.