US Bancorp DE Cuts Stock Position in Amphenol Co. (NYSE:APH)

US Bancorp DE trimmed its holdings in shares of Amphenol Co. (NYSE:APH) by 1.0% in the fourth quarter, Holdings Channel reports. The firm owned 734,098 shares of the electronics maker’s stock after selling 7,520 shares during the period. US Bancorp DE’s holdings in Amphenol were worth $50,983,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Sierra Ocean LLC purchased a new stake in shares of Amphenol in the fourth quarter worth about $28,000. Brown Brothers Harriman & Co. boosted its holdings in Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares during the period. Continuum Advisory LLC grew its position in Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 234 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol during the fourth quarter valued at approximately $32,000. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of Amphenol during the fourth quarter worth $49,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Performance

APH stock opened at $66.57 on Friday. The stock’s 50 day simple moving average is $70.13 and its 200 day simple moving average is $68.80. Amphenol Co. has a 12-month low of $54.24 and a 12-month high of $79.39. The firm has a market cap of $80.62 billion, a P/E ratio of 34.76, a P/E/G ratio of 1.92 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.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share 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 company had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the company earned $0.82 earnings per share. The firm’s revenue was up 29.8% compared to the same quarter last year. As a group, equities research analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

Wall Street Analyst Weigh In

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