Natixis Sells 63,032 Shares of Amphenol Co. (NYSE:APH)

Natixis reduced its position in Amphenol Co. (NYSE:APH) by 21.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 225,110 shares of the electronics maker’s stock after selling 63,032 shares during the quarter. Natixis’ holdings in Amphenol were worth $15,634,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of APH. Ossiam increased its position in shares of Amphenol by 3.3% during the fourth quarter. Ossiam now owns 34,137 shares of the electronics maker’s stock worth $2,371,000 after purchasing an additional 1,075 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Amphenol during the 4th quarter worth $8,555,000. Dimensional Fund Advisors LP increased its position in Amphenol by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,625,209 shares of the electronics maker’s stock valued at $251,785,000 after buying an additional 197,237 shares in the last quarter. Freedom Investment Management Inc. purchased a new stake in Amphenol in the fourth quarter valued at about $288,000. Finally, HITE Hedge Asset Management LLC acquired a new stake in Amphenol in the fourth quarter worth about $1,225,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on APH shares. Bank of America increased their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group decreased their price target on shares of Amphenol from $89.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. cut their target price on Amphenol from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday. Truist Financial lifted their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Citigroup cut their price objective on Amphenol from $89.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.40.

Amphenol Stock Up 0.6 %

APH stock opened at $65.13 on Friday. The firm’s fifty day moving average is $65.39 and its 200 day moving average is $68.73. The firm has a market cap of $78.93 billion, a PE ratio of 34.01, a P/E/G ratio of 1.92 and a beta of 1.17. Amphenol Co. has a one year low of $54.77 and a one year 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 results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion during 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%. Amphenol’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. On average, research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Tuesday, March 18th. Amphenol’s dividend payout ratio is presently 34.55%.

Amphenol Company 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.