Harvey Investment Co. LLC Reduces Stock Position in Amphenol Co. (NYSE:APH)

Harvey Investment Co. LLC cut its stake in Amphenol Co. (NYSE:APH) by 0.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 264,415 shares of the electronics maker’s stock after selling 865 shares during the quarter. Amphenol makes up about 2.1% of Harvey Investment Co. LLC’s portfolio, making the stock its 17th largest position. Harvey Investment Co. LLC’s holdings in Amphenol were worth $18,364,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new stake in shares of Amphenol in the fourth quarter worth about $111,000. Prairie Wealth Advisors Inc. bought a new stake in Amphenol during the 4th quarter worth approximately $223,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Amphenol by 17.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 236,552 shares of the electronics maker’s stock worth $16,429,000 after purchasing an additional 34,372 shares in the last quarter. Silver Oak Securities Incorporated boosted its holdings in Amphenol by 65.4% in the 4th quarter. Silver Oak Securities Incorporated now owns 13,062 shares of the electronics maker’s stock valued at $908,000 after purchasing an additional 5,163 shares during the period. Finally, Caitlin John LLC grew its position in shares of Amphenol by 1.3% during the 4th quarter. Caitlin John LLC now owns 38,912 shares of the electronics maker’s stock valued at $2,702,000 after purchasing an additional 508 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Trading Up 0.7 %

NYSE APH opened at $69.97 on Friday. The firm has a market cap of $84.36 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. Amphenol Co. has a 1-year low of $51.13 and a 1-year high of $79.39. The stock has a 50-day moving average of $71.63 and a 200-day moving average of $68.10. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last released its quarterly earnings data 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. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the firm 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 2.26 EPS for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is 34.46%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. TD Cowen lifted their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. The Goldman Sachs Group upped their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird boosted their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, Evercore ISI raised their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.