TimesSquare Capital Management LLC Cuts Stock Position in Amphenol Co. (NYSE:APH)

TimesSquare Capital Management LLC lowered its position in Amphenol Co. (NYSE:APH) by 57.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 669,093 shares of the electronics maker’s stock after selling 907,520 shares during the period. TimesSquare Capital Management LLC owned approximately 0.06% of Amphenol worth $46,469,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of APH. Swedbank AB grew its position in shares of Amphenol by 38.5% in the 3rd quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock worth $234,592,000 after buying an additional 1,000,000 shares during the last quarter. Blue Trust Inc. grew its position in shares of Amphenol by 420.0% in the 3rd quarter. Blue Trust Inc. now owns 8,773 shares of the electronics maker’s stock worth $591,000 after buying an additional 7,086 shares during the last quarter. Raymond James & Associates grew its position in shares of Amphenol by 31.5% in the 3rd quarter. Raymond James & Associates now owns 454,515 shares of the electronics maker’s stock worth $29,616,000 after buying an additional 108,965 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Amphenol by 8.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 18,782 shares of the electronics maker’s stock worth $1,224,000 after purchasing an additional 1,432 shares during the last quarter. Finally, Signaturefd LLC grew its position in Amphenol by 0.9% during the 3rd quarter. Signaturefd LLC now owns 33,103 shares of the electronics maker’s stock worth $2,157,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

APH has been the topic of several research analyst reports. Citigroup boosted their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Robert W. Baird boosted their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. TD Cowen boosted their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Evercore ISI boosted their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Up 0.1 %

APH stock opened at $68.95 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The firm’s fifty day simple moving average is $71.02 and its 200-day simple moving average is $68.54. Amphenol Co. has a 12 month low of $52.06 and a 12 month high of $79.39. The company has a market capitalization of $83.13 billion, a P/E ratio of 36.01, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. As a group, equities research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company 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 dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

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.