Illinois Municipal Retirement Fund Has $4.85 Million Stake in Amphenol Co. (NYSE:APH)

Illinois Municipal Retirement Fund reduced its holdings in shares of Amphenol Co. (NYSE:APH) by 8.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 69,879 shares of the electronics maker’s stock after selling 6,169 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Amphenol were worth $4,853,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. grew its stake in Amphenol by 89.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after purchasing an additional 2,032,402 shares during the period. Two Sigma Advisers LP bought a new position in shares of Amphenol during the 3rd quarter worth approximately $113,828,000. Los Angeles Capital Management LLC grew its position in shares of Amphenol by 3,103.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker’s stock worth $116,995,000 after buying an additional 1,632,014 shares during the period. State Street Corp increased its stake in shares of Amphenol by 3.0% in the 3rd 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. Finally, Point72 Asset Management L.P. lifted its position in shares of 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 period. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on APH shares. Robert W. Baird raised their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Truist Financial upped their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. boosted their price objective on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Trading Up 1.6 %

Shares of Amphenol stock opened at $66.07 on Thursday. The company has a market capitalization of $80.02 billion, a P/E ratio of 34.50, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The stock has a fifty day simple moving average of $70.30 and a 200 day simple moving average of $68.77. Amphenol Co. has a 12-month low of $53.76 and a 12-month high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue was up 29.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.00%. Amphenol’s dividend payout ratio is currently 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.