Amphenol Co. (NYSE:APH) Holdings Lowered by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. cut its stake in Amphenol Co. (NYSE:APH) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,784 shares of the electronics maker’s stock after selling 2,584 shares during the period. Dana Investment Advisors Inc.’s holdings in Amphenol were worth $4,221,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Princeton Global Asset Management LLC grew its stake in Amphenol by 0.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock valued at $1,634,000 after purchasing an additional 136 shares in the last quarter. WASHINGTON TRUST Co lifted its holdings in shares of Amphenol by 23.0% during the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock valued at $55,000 after buying an additional 147 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after buying an additional 166 shares in the last quarter. Fragasso Financial Advisors Inc grew its stake in shares of Amphenol by 4.7% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after buying an additional 171 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its holdings in Amphenol by 3.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker’s stock worth $381,000 after buying an additional 173 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

APH opened at $61.67 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average price is $69.46 and its two-hundred day moving average price is $68.71. The firm has a market capitalization of $74.69 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 12-month low of $54.27 and a 12-month high of $79.39.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Amphenol’s revenue was up 29.8% compared to the same quarter last year. On average, equities analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business 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 $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is presently 34.55%.

Analyst Ratings Changes

A number of research firms have issued reports on APH. Bank of America lifted their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Truist Financial lifted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group increased their target price 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. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird increased their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Five equities research 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.