Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $371,000 Stake in Amphenol Co. (NYSE:APH)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in Amphenol Co. (NYSE:APH) by 30.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,500 shares of the electronics maker’s stock after selling 2,460 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Amphenol were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in APH. Jacobs Levy Equity Management Inc. boosted its position in Amphenol by 89.5% in the third 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. Two Sigma Advisers LP acquired a new stake in shares of Amphenol during the 3rd quarter valued at $113,828,000. State Street Corp grew its position in Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after acquiring an additional 1,537,880 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in Amphenol by 151.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker’s stock worth $144,047,000 after purchasing an additional 1,332,298 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Amphenol by 157.2% in the third quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker’s stock valued at $125,899,000 after purchasing an additional 1,180,944 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Amphenol Trading Down 0.3 %

NYSE APH opened at $69.81 on Monday. Amphenol Co. has a one year low of $51.13 and a one year high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The business has a 50 day simple moving average of $71.57 and a 200 day simple moving average of $68.14. The stock has a market capitalization of $84.16 billion, a P/E ratio of 36.45, a P/E/G ratio of 1.99 and a beta of 1.23.

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 the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 EPS. Research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. Amphenol’s dividend payout ratio is presently 34.46%.

Analysts Set New Price Targets

APH has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. TD Cowen upped their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Citigroup lifted their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. The Goldman Sachs Group increased their price objective on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Robert W. Baird lifted their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.