Louisiana State Employees Retirement System Sells 3,000 Shares of Amphenol Co. (NYSE:APH)

Louisiana State Employees Retirement System cut its holdings in Amphenol Co. (NYSE:APH) by 4.4% during the 4th quarter, Holdings Channel reports. The fund owned 64,800 shares of the electronics maker’s stock after selling 3,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Amphenol were worth $4,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of Amphenol by 208.8% in the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock worth $1,765,000 after buying an additional 18,322 shares during the period. Spire Wealth Management increased its holdings in Amphenol by 34.1% in the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock worth $6,836,000 after acquiring an additional 25,007 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Amphenol by 50.9% during the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock valued at $17,477,000 after purchasing an additional 90,450 shares in the last quarter. LMR Partners LLP boosted its position in shares of Amphenol by 315.1% in the third quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock worth $19,209,000 after purchasing an additional 223,784 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Amphenol by 22.3% in the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock worth $6,966,000 after purchasing an additional 19,496 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on APH shares. Bank of America increased their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. TD Cowen increased their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Evercore ISI boosted their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. The Goldman Sachs Group increased their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Citigroup boosted 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Trading Down 0.3 %

APH stock opened at $69.75 on Thursday. The firm has a market cap of $84.09 billion, a PE ratio of 36.42, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. The firm has a fifty day moving average price of $71.48 and a 200 day moving average price of $68.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a fifty-two week low of $51.13 and a fifty-two week high of $79.39.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business’s revenue was up 29.8% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. Sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

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.