Amalgamated Bank Has $17.37 Million Position in Amphenol Co. (NYSE:APH)

Amalgamated Bank reduced its position in shares of Amphenol Co. (NYSE:APH) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 250,032 shares of the electronics maker’s stock after selling 9,044 shares during the period. Amalgamated Bank’s holdings in Amphenol were worth $17,365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Swedbank AB raised its holdings in Amphenol by 38.5% in the 3rd quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock valued at $234,592,000 after acquiring an additional 1,000,000 shares in the last quarter. Private Advisor Group LLC raised its holdings in Amphenol by 5.6% in the 3rd quarter. Private Advisor Group LLC now owns 39,185 shares of the electronics maker’s stock valued at $2,553,000 after acquiring an additional 2,061 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Amphenol by 177.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 344,795 shares of the electronics maker’s stock worth $22,467,000 after buying an additional 220,386 shares in the last quarter. Modera Wealth Management LLC raised its holdings in shares of Amphenol by 11.2% during the 3rd quarter. Modera Wealth Management LLC now owns 3,302 shares of the electronics maker’s stock worth $215,000 after buying an additional 333 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Amphenol by 5.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 142,336 shares of the electronics maker’s stock worth $9,274,000 after buying an additional 7,170 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APH has been the subject of a number of research analyst reports. Robert W. Baird boosted their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Citigroup raised 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. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Truist Financial raised their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Stock Performance

NYSE APH opened at $67.14 on Tuesday. The company has a fifty day simple moving average of $70.57 and a 200 day simple moving average of $68.77. Amphenol Co. has a 12-month low of $53.67 and a 12-month high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The company has a market cap of $81.31 billion, a P/E ratio of 35.06, a PEG ratio of 1.92 and a beta of 1.23.

Amphenol (NYSE:APH) last released its earnings results 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 company had revenue of $4.32 billion for 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 for the quarter was up 29.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 EPS. Sell-side analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio is currently 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.