UniSuper Management Pty Ltd Has $15.97 Million Stake in Amphenol Co. (NYSE:APH)

UniSuper Management Pty Ltd reduced its stake in shares of Amphenol Co. (NYSE:APH) by 17.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 229,913 shares of the electronics maker’s stock after selling 48,024 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Amphenol were worth $15,967,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of APH. Tacita Capital Inc boosted its stake in Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Amphenol in the fourth quarter worth $28,000. Rialto Wealth Management LLC bought a new position in shares of Amphenol during the fourth quarter worth $28,000. Rakuten Securities Inc. grew its holdings in shares of Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after buying an additional 366 shares during the period. Finally, Brown Brothers Harriman & Co. increased its position in shares of Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after buying an additional 166 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

APH has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Truist Financial lifted their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Citigroup raised their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, Bank of America upped their price target on shares of 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 issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Trading Up 1.0 %

Amphenol stock opened at $68.27 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The firm has a 50-day moving average of $67.92 and a 200-day moving average of $68.68. The company has a market cap of $82.73 billion, a price-to-earnings ratio of 35.65, a P/E/G ratio of 1.92 and a beta of 1.25. Amphenol Co. has a one year low of $54.72 and a one year high of $79.39.

Amphenol (NYSE:APH) last posted its quarterly earnings results 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. The firm had revenue of $4.32 billion during 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%. The business’s revenue was up 29.8% compared to the same quarter last year. During the same period last year, the company earned $0.82 earnings per share. On average, equities analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 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.