Amphenol Co. (NYSE:APH) Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. cut its holdings in shares of Amphenol Co. (NYSE:APH) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,794 shares of the electronics maker’s stock after selling 329 shares during the period. Cidel Asset Management Inc.’s holdings in Amphenol were worth $1,583,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of APH. Jacobs Levy Equity Management Inc. grew its stake in Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after purchasing an additional 2,032,402 shares in the last quarter. Two Sigma Advisers LP bought a new stake in shares of Amphenol in the third quarter worth $113,828,000. State Street Corp raised its holdings in Amphenol by 3.0% in the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after acquiring an additional 1,537,880 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Amphenol by 151.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker’s stock valued at $144,047,000 after acquiring an additional 1,332,298 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Amphenol by 157.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker’s stock worth $125,899,000 after acquiring an additional 1,180,944 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Down 0.3 %

APH stock opened at $69.81 on Friday. 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 firm’s 50-day simple moving average is $71.63 and its 200 day simple moving average is $68.10. The stock has a market cap of $84.16 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. Amphenol Co. has a fifty-two week low of $51.13 and a fifty-two week high of $79.39.

Amphenol (NYSE:APH) last released its quarterly 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. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, sell-side analysts predict that Amphenol Co. will post 2.26 EPS for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. Amphenol’s payout ratio is 34.46%.

Analyst Upgrades and Downgrades

APH has been the topic of several research analyst reports. Evercore ISI increased their price target 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. Citigroup increased their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Robert W. Baird upped 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. JPMorgan Chase & Co. raised their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Truist Financial boosted their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Five equities research 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 company. Based on data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

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.