Norinchukin Bank The Sells 182,239 Shares of Amphenol Co. (NYSE:APH)

Norinchukin Bank The lessened its position in Amphenol Co. (NYSE:APH) by 22.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 634,526 shares of the electronics maker’s stock after selling 182,239 shares during the period. Amphenol comprises 0.9% of Norinchukin Bank The’s portfolio, making the stock its 20th largest holding. Norinchukin Bank The owned about 0.05% of Amphenol worth $44,068,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Amphenol in the fourth quarter worth approximately $1,378,794,000. Wellington Management Group LLP grew its position in Amphenol by 619.9% in the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock worth $487,130,000 after purchasing an additional 6,039,845 shares during the period. FMR LLC raised its stake in Amphenol by 2.6% during the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock valued at $7,240,202,000 after buying an additional 2,643,752 shares during the last quarter. Madison Investment Advisors LLC bought a new position in shares of Amphenol during the 4th quarter valued at $157,749,000. Finally, Vanguard Group Inc. grew its holdings in shares of Amphenol by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock worth $10,565,279,000 after acquiring an additional 2,108,578 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APH. Citigroup lowered their target price on Amphenol from $89.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 14th. UBS Group dropped their price objective on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Truist Financial upped their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird lifted their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Amphenol from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.40.

Amphenol Trading Up 0.6 %

APH stock opened at $65.13 on Friday. 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. 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 1-year low of $54.72 and a 1-year high of $79.39. The business has a 50 day simple moving average of $65.39 and a two-hundred day simple moving average of $68.68.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share 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 net margin of 15.92% and a return on equity of 25.67%. Amphenol’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period last year, the company posted $0.82 earnings per share. Research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, March 18th. 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.