Meeder Asset Management Inc. Sells 457 Shares of Amphenol Co. (NYSE:APH)

Meeder Asset Management Inc. trimmed its position in shares of Amphenol Co. (NYSE:APH) by 41.1% during the 4th quarter, Holdings Channel reports. The firm owned 656 shares of the electronics maker’s stock after selling 457 shares during the period. Meeder Asset Management Inc.’s holdings in Amphenol were worth $46,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of APH. CreativeOne Wealth LLC boosted its stake in Amphenol by 37.6% in the 3rd quarter. CreativeOne Wealth LLC now owns 5,955 shares of the electronics maker’s stock worth $388,000 after purchasing an additional 1,627 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Amphenol by 15.0% during the third quarter. Public Sector Pension Investment Board now owns 52,842 shares of the electronics maker’s stock worth $3,443,000 after acquiring an additional 6,900 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in Amphenol by 1.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 212,612 shares of the electronics maker’s stock valued at $13,917,000 after acquiring an additional 3,934 shares during the last quarter. Captrust Financial Advisors lifted its stake in Amphenol by 3.3% in the 3rd quarter. Captrust Financial Advisors now owns 53,077 shares of the electronics maker’s stock worth $3,458,000 after purchasing an additional 1,705 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Amphenol during the 3rd quarter valued at about $5,933,000. 97.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

APH has been the topic of a number of research analyst reports. Truist Financial boosted their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Bank of America upped their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Finally, Citigroup raised their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Five 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 company. According to data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Performance

Shares of Amphenol stock opened at $65.96 on Wednesday. Amphenol Co. has a 52 week low of $54.72 and a 52 week high of $79.39. The company has a market capitalization of $79.93 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The stock’s fifty day moving average is $67.65 and its two-hundred day moving average is $68.86. 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 results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The company 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 revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 EPS. As a group, analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is 34.55%.

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.