Amphenol Co. (NYSE:APH) Holdings Trimmed by Southeast Asset Advisors LLC

Southeast Asset Advisors LLC cut its holdings in Amphenol Co. (NYSE:APH) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,449 shares of the electronics maker’s stock after selling 509 shares during the quarter. Southeast Asset Advisors LLC’s holdings in Amphenol were worth $309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Tacita Capital Inc raised its holdings in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC acquired a new position in Amphenol in the fourth quarter worth approximately $28,000. Rialto Wealth Management LLC bought a new position in shares of Amphenol in the fourth quarter valued at $28,000. Rakuten Securities Inc. lifted its position in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 366 shares during the last quarter. Finally, Continuum Advisory LLC boosted its stake in shares of Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 234 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Trading Down 5.6 %

Amphenol stock opened at $59.14 on Monday. Amphenol Co. has a 12 month low of $53.93 and a 12 month high of $79.39. 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 stock has a market cap of $71.67 billion, a P/E ratio of 30.88, a P/E/G ratio of 1.92 and a beta of 1.17. The company’s fifty day simple moving average is $66.77 and its 200-day simple moving average is $68.85.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 1.12%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is presently 34.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. The Goldman Sachs Group upped their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Bank of America boosted their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report 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. Robert W. Baird boosted their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

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.