Amphenol Co. (NYSE:APH) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC trimmed its holdings in Amphenol Co. (NYSE:APH) by 30.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,338 shares of the electronics maker’s stock after selling 9,432 shares during the period. Legato Capital Management LLC’s holdings in Amphenol were worth $1,482,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management increased its stake in shares of Amphenol by 49.3% during the 3rd quarter. Ritholtz Wealth Management now owns 6,422 shares of the electronics maker’s stock worth $418,000 after purchasing an additional 2,120 shares in the last quarter. NBC Securities Inc. increased its position in Amphenol by 9.6% during the third quarter. NBC Securities Inc. now owns 4,302 shares of the electronics maker’s stock worth $280,000 after buying an additional 376 shares in the last quarter. Swedbank AB raised its holdings in shares of Amphenol by 38.5% in the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock worth $234,592,000 after acquiring an additional 1,000,000 shares during the last quarter. Petredis Investment Advisors LLC lifted its position in shares of Amphenol by 0.5% in the third quarter. Petredis Investment Advisors LLC now owns 89,838 shares of the electronics maker’s stock valued at $5,854,000 after acquiring an additional 454 shares in the last quarter. Finally, Sumitomo Life Insurance Co. acquired a new stake in shares of Amphenol during the third quarter valued at $2,033,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APH has been the topic of a number of recent research reports. The Goldman Sachs Group upped their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Citigroup raised 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 lifted their target price 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. Evercore ISI increased their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Bank of America lifted their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report 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 Price Performance

APH stock opened at $69.75 on Thursday. The company has a market cap of $84.09 billion, a PE ratio of 36.42, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average price of $71.48 and a two-hundred day moving average price of $68.29. Amphenol Co. has a 12-month low of $51.13 and a 12-month high of $79.39.

Amphenol (NYSE:APH) last issued its 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 return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the business earned $0.82 EPS. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. As a group, research analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The firm also recently announced 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. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio is presently 34.46%.

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.