Machina Capital S.A.S. Reduces Stock Holdings in Amphenol Co. (NYSE:APH)

Machina Capital S.A.S. decreased its holdings in Amphenol Co. (NYSE:APH) by 9.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 28,791 shares of the electronics maker’s stock after selling 2,879 shares during the period. Amphenol comprises about 0.8% of Machina Capital S.A.S.’s portfolio, making the stock its 17th largest holding. Machina Capital S.A.S.’s holdings in Amphenol were worth $2,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APH. Swedbank AB lifted its position in Amphenol by 38.5% during the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock valued at $234,592,000 after buying an additional 1,000,000 shares during the period. Principal Financial Group Inc. lifted its position in Amphenol by 73.9% during the third quarter. Principal Financial Group Inc. now owns 2,591,323 shares of the electronics maker’s stock valued at $168,851,000 after buying an additional 1,101,368 shares during the period. Consolidated Planning Corp purchased a new position in Amphenol during the third quarter valued at $816,000. Portside Wealth Group LLC lifted its position in Amphenol by 24.7% during the third quarter. Portside Wealth Group LLC now owns 4,453 shares of the electronics maker’s stock valued at $290,000 after buying an additional 882 shares during the period. Finally, Tandem Investment Advisors Inc. lifted its position in Amphenol by 0.7% during the third quarter. Tandem Investment Advisors Inc. now owns 1,186,209 shares of the electronics maker’s stock valued at $77,293,000 after buying an additional 7,902 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Trading Up 2.0 %

Amphenol stock opened at $62.99 on Friday. The business has a 50-day simple moving average of $69.31 and a two-hundred day simple moving average of $68.69. The company has a market cap of $76.28 billion, a P/E ratio of 32.89, a P/E/G ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 52-week low of $54.27 and a 52-week high of $79.39. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last posted its quarterly earnings data 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 firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 29.8% on a year-over-year basis. Analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a $0.165 dividend. 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 1.05%. Amphenol’s dividend payout ratio is presently 34.55%.

Analyst Upgrades and Downgrades

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

About Amphenol

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.