Retirement Systems of Alabama Sells 2,120 Shares of Amphenol Co. (NYSE:APH)

Retirement Systems of Alabama cut its holdings in shares of Amphenol Co. (NYSE:APH) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 261,027 shares of the electronics maker’s stock after selling 2,120 shares during the period. Retirement Systems of Alabama’s holdings in Amphenol were worth $18,128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of APH. Czech National Bank grew its position in shares of Amphenol by 7.2% in the 3rd quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock valued at $15,985,000 after purchasing an additional 16,425 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in Amphenol by 28.1% in the third quarter. Dynamic Advisor Solutions LLC now owns 13,167 shares of the electronics maker’s stock valued at $858,000 after buying an additional 2,892 shares in the last quarter. Sanibel Captiva Trust Company Inc. boosted its holdings in shares of Amphenol by 41.2% in the third quarter. Sanibel Captiva Trust Company Inc. now owns 63,504 shares of the electronics maker’s stock valued at $4,138,000 after buying an additional 18,535 shares during the period. USA Financial Formulas increased its position in shares of Amphenol by 15.8% during the third quarter. USA Financial Formulas now owns 21,805 shares of the electronics maker’s stock worth $1,421,000 after acquiring an additional 2,978 shares in the last quarter. Finally, BSN CAPITAL PARTNERS Ltd acquired a new stake in shares of Amphenol during the third quarter worth $8,327,000. 97.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on APH. The Goldman Sachs Group increased 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. Robert W. Baird lifted their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Evercore ISI upped their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. TD Cowen lifted their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Citigroup increased 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. Five 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 company. Based on data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Stock Up 0.7 %

Shares of APH stock opened at $69.97 on Friday. Amphenol Co. has a 52-week low of $51.13 and a 52-week high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock has a market cap of $84.36 billion, a price-to-earnings ratio of 36.54, a PEG ratio of 2.17 and a beta of 1.23. The firm’s 50-day moving average is $71.69 and its 200-day moving average is $68.09.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm posted $0.82 earnings per share. Sell-side analysts predict that Amphenol Co. will post 2.26 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is presently 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.