Amphenol Co. (NYSE:APH) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp trimmed its position in shares of Amphenol Co. (NYSE:APH) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,584 shares of the electronics maker’s stock after selling 2,450 shares during the period. King Luther Capital Management Corp’s holdings in Amphenol were worth $2,194,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Amphenol by 208.8% during the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock worth $1,765,000 after buying an additional 18,322 shares during the period. Spire Wealth Management grew its stake in shares of Amphenol by 34.1% in the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock worth $6,836,000 after purchasing an additional 25,007 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Amphenol by 50.9% during the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock valued at $17,477,000 after purchasing an additional 90,450 shares during the period. LMR Partners LLP raised its stake in shares of Amphenol by 315.1% during the third quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock valued at $19,209,000 after purchasing an additional 223,784 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Amphenol by 22.3% in the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock worth $6,966,000 after purchasing an additional 19,496 shares during the period. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

APH has been the topic of several research analyst reports. Truist Financial raised their target price 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. JPMorgan Chase & Co. boosted their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. The Goldman Sachs Group lifted their price target on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Bank of America upped their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a 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 stock. Based on data from MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Trading Up 2.0 %

Shares of APH opened at $62.88 on Thursday. 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 Co. has a 1-year low of $54.27 and a 1-year high of $79.39. The stock has a market capitalization of $76.15 billion, a P/E ratio of 32.83, a P/E/G ratio of 1.92 and a beta of 1.25. The business’s 50-day moving average price is $68.86 and its 200 day moving average price is $68.59.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping 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 net margin of 15.92% and a return on equity of 25.67%. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. Analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

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 given a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.05%. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

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.