Amphenol Co. (NYSE:APH) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. decreased its position in shares of Amphenol Co. (NYSE:APH) by 4.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 30,465 shares of the electronics maker’s stock after selling 1,266 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Amphenol were worth $2,116,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of APH. Blue Trust Inc. raised its position in 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 acquiring an additional 18,322 shares during the last quarter. Spire Wealth Management increased its stake in shares of Amphenol by 34.1% during the 4th 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. Consolidated Planning Corp raised its position in shares of Amphenol by 37.0% during the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker’s stock worth $1,192,000 after purchasing an additional 4,631 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in Amphenol by 11.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,682,734 shares of the electronics maker’s stock valued at $109,647,000 after buying an additional 177,510 shares in the last quarter. Finally, Pines Wealth Management LLC acquired a new stake in Amphenol during the 4th quarter valued at $553,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group boosted their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird upped their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Citigroup lifted their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Bank of America upped their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted 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. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Price Performance

APH stock opened at $67.54 on Thursday. The stock has a 50-day simple moving average of $67.95 and a 200-day simple moving average of $68.69. The firm has a market cap of $81.84 billion, a P/E ratio of 35.27, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a 1 year low of $54.72 and a 1 year high of $79.39.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion during 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 business’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. On average, equities analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.98%. Amphenol’s dividend payout ratio (DPR) is 34.55%.

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.