Motco Sells 5,812 Shares of Amphenol Co. (NYSE:APH)

Motco decreased its holdings in Amphenol Co. (NYSE:APH) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 201,932 shares of the electronics maker’s stock after selling 5,812 shares during the period. Amphenol makes up about 1.4% of Motco’s portfolio, making the stock its 13th biggest position. Motco’s holdings in Amphenol were worth $14,024,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fielder Capital Group LLC lifted its stake in Amphenol by 231.8% in the 4th quarter. Fielder Capital Group LLC now owns 10,861 shares of the electronics maker’s stock valued at $754,000 after purchasing an additional 7,588 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Amphenol by 12,865.4% during the fourth quarter. Proficio Capital Partners LLC now owns 945,565 shares of the electronics maker’s stock worth $65,669,000 after buying an additional 938,272 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Amphenol by 0.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 54,305 shares of the electronics maker’s stock valued at $3,771,000 after acquiring an additional 245 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Amphenol by 3.3% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 474,956 shares of the electronics maker’s stock valued at $32,986,000 after acquiring an additional 15,000 shares in the last quarter. Finally, New York Life Investment Management LLC grew its position in Amphenol by 0.9% during the 4th quarter. New York Life Investment Management LLC now owns 161,765 shares of the electronics maker’s stock worth $11,235,000 after acquiring an additional 1,431 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on APH. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Truist Financial raised their price target 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. Bank of America boosted their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Finally, Citigroup raised their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Stock Down 1.2 %

Shares of NYSE:APH opened at $65.41 on Friday. Amphenol Co. has a 1 year low of $53.85 and a 1 year high of $79.39. The company has a market capitalization of $79.21 billion, a PE ratio of 34.16, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The business has a fifty day moving average price of $70.21 and a two-hundred day moving average price of $68.75. 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 (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. Analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. Amphenol’s dividend payout ratio (DPR) is 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.