Amphenol Co. (NYSE:APH) Shares Sold by DnB Asset Management AS

DnB Asset Management AS reduced its stake in Amphenol Co. (NYSE:APH) by 3.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 726,956 shares of the electronics maker’s stock after selling 22,675 shares during the quarter. DnB Asset Management AS’s holdings in Amphenol were worth $50,487,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Tacita Capital Inc grew its holdings in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after buying an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Amphenol in the fourth quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol in the fourth quarter worth about $28,000. Rakuten Securities Inc. boosted its position in 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 during the last quarter. Finally, Hanson & Doremus Investment Management acquired a new position in Amphenol in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on APH shares. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Citigroup boosted their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Robert W. Baird lifted their price target 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 upped their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Five 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’s stock. According to MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Trading Up 1.0 %

APH stock opened at $68.27 on Friday. The business’s 50-day moving average is $67.92 and its 200 day moving average is $68.68. Amphenol Co. has a 12-month low of $54.72 and a 12-month high of $79.39. The stock has a market cap of $82.73 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 1.92 and a beta of 1.25. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last issued its quarterly 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 firm 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%. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 earnings per share. On average, sell-side analysts anticipate 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 will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.97%. Amphenol’s payout ratio is presently 34.55%.

Amphenol 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.