Alecta Tjanstepension Omsesidigt Sells 1,530,000 Shares of Amphenol Co. (NYSE:APH)

Alecta Tjanstepension Omsesidigt cut its stake in Amphenol Co. (NYSE:APH) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,031,600 shares of the electronics maker’s stock after selling 1,530,000 shares during the period. Amphenol makes up approximately 4.8% of Alecta Tjanstepension Omsesidigt’s holdings, making the stock its 5th largest holding. Alecta Tjanstepension Omsesidigt’s holdings in Amphenol were worth $905,566,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of APH. Sierra Ocean LLC acquired a new stake in Amphenol in the 4th quarter valued at about $28,000. Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol in the fourth quarter valued at about $32,000. Continuum Advisory LLC grew its position in shares of Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 234 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of Amphenol during the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

APH has been the topic of a number of analyst reports. Bank of America increased their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Citigroup lifted their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group lifted their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, 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 research report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Stock Up 1.6 %

Shares of APH opened at $66.07 on Thursday. The firm has a market cap of $80.02 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company’s fifty day moving average is $70.30 and its two-hundred day moving average is $68.77. Amphenol Co. has a fifty-two week low of $53.76 and a fifty-two week high of $79.39.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion for 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%. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 earnings per share. Analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.00%. Amphenol’s payout ratio is 34.46%.

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.