Covestor Ltd Lowers Holdings in Amphenol Co. (NYSE:APH)

Covestor Ltd reduced its stake in shares of Amphenol Co. (NYSE:APH) by 26.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 885 shares of the electronics maker’s stock after selling 312 shares during the period. Covestor Ltd’s holdings in Amphenol were worth $62,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Princeton Global Asset Management LLC raised its stake in Amphenol by 0.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock worth $1,634,000 after purchasing an additional 136 shares during the period. WASHINGTON TRUST Co raised its position in shares of Amphenol by 23.0% in the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock worth $55,000 after buying an additional 147 shares during the period. Fragasso Financial Advisors Inc boosted its holdings in Amphenol by 4.7% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after acquiring an additional 171 shares during the last quarter. Newbridge Financial Services Group Inc. grew its position in Amphenol by 3.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker’s stock valued at $381,000 after acquiring an additional 173 shares during the period. Finally, Robertson Stephens Wealth Management LLC increased its stake in Amphenol by 3.5% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker’s stock worth $363,000 after acquiring an additional 177 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Trading Up 0.1 %

NYSE:APH opened at $65.48 on Tuesday. The stock has a market cap of $79.35 billion, a price-to-earnings ratio of 34.19, 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 company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The business’s 50-day simple moving average is $65.80 and its 200 day simple moving average is $68.72.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate 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%. The business’s revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 EPS. As a group, sell-side analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared 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. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. Amphenol’s payout ratio is 34.55%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on APH. Robert W. Baird lifted their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. UBS Group dropped their price objective on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. The Goldman Sachs Group reduced their target price on shares of Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Citigroup lowered their price target on Amphenol from $89.00 to $75.00 and set a “buy” rating for the company in a report on Monday. Four investment 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.90.

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.