Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 49,100 Shares of Amphenol Co. (NYSE:APH)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Amphenol Co. (NYSE:APH) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 276,464 shares of the electronics maker’s stock after selling 49,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Amphenol were worth $19,200,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of APH. Swedbank AB grew its stake in shares of Amphenol by 38.5% in the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock worth $234,592,000 after acquiring an additional 1,000,000 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Amphenol by 8.3% in the third quarter. Sequoia Financial Advisors LLC now owns 18,782 shares of the electronics maker’s stock worth $1,224,000 after acquiring an additional 1,432 shares during the last quarter. Eastern Bank purchased a new stake in shares of Amphenol in the third quarter worth $54,000. Private Advisor Group LLC grew its stake in shares of Amphenol by 5.6% in the third quarter. Private Advisor Group LLC now owns 39,185 shares of the electronics maker’s stock worth $2,553,000 after acquiring an additional 2,061 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Amphenol in the third quarter worth $81,670,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

APH has been the topic of several recent analyst reports. Truist Financial increased their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. 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 research report on Thursday, January 23rd. Bank of America increased their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird increased their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Down 2.6 %

NYSE APH opened at $67.58 on Friday. The stock’s 50-day moving average price is $70.73 and its 200-day moving average price is $68.68. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 52 week low of $52.89 and a 52 week high of $79.39. The company has a market capitalization of $81.84 billion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate 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 last year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. On average, equities research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 yield of 0.98%. The ex-dividend date of this dividend is Tuesday, March 18th. 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.