National Bank of Canada FI Sells 807,611 Shares of Amphenol Co. (NYSE:APH)

National Bank of Canada FI lessened its position in shares of Amphenol Co. (NYSE:APH) by 31.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,793,348 shares of the electronics maker’s stock after selling 807,611 shares during the period. National Bank of Canada FI’s holdings in Amphenol were worth $124,548,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in APH. Norges Bank purchased a new stake in Amphenol during the fourth quarter valued at about $1,378,794,000. Wellington Management Group LLP raised its position in shares of Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock valued at $487,130,000 after purchasing an additional 6,039,845 shares during the period. Madison Investment Advisors LLC purchased a new stake in shares of Amphenol during the 4th quarter valued at approximately $157,749,000. Vanguard Group Inc. boosted its holdings in Amphenol by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock worth $10,565,279,000 after buying an additional 2,108,578 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in Amphenol by 89.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after buying an additional 2,032,402 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Trading Down 1.5 %

Shares of APH stock opened at $65.62 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The firm has a market cap of $79.51 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The business has a 50-day moving average price of $67.78 and a two-hundred day moving average price of $68.84. Amphenol Co. has a 12-month low of $54.72 and a 12-month high of $79.39.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Equities analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is presently 34.55%.

Wall Street Analysts Forecast Growth

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