Vestmark Advisory Solutions Inc. Sells 6,489 Shares of Amphenol Co. (NYSE:APH)

Vestmark Advisory Solutions Inc. cut its holdings in shares of Amphenol Co. (NYSE:APH) by 50.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,497 shares of the electronics maker’s stock after selling 6,489 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Amphenol were worth $451,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Ethos Financial Group LLC acquired a new stake in Amphenol in the fourth quarter valued at approximately $167,000. Inceptionr LLC boosted its stake in Amphenol by 37.5% in the fourth quarter. Inceptionr LLC now owns 17,783 shares of the electronics maker’s stock valued at $1,235,000 after acquiring an additional 4,854 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Amphenol in the fourth quarter valued at approximately $109,276,000. Promus Capital LLC acquired a new stake in Amphenol in the fourth quarter valued at approximately $71,000. Finally, Arizona State Retirement System boosted its stake in Amphenol by 0.8% in the fourth quarter. Arizona State Retirement System now owns 347,099 shares of the electronics maker’s stock valued at $24,106,000 after acquiring an additional 2,684 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Truist Financial raised their target price 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 lifted their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Robert W. Baird raised their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, Bank of America boosted their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Stock Up 2.0 %

Shares of APH opened at $62.99 on Friday. The company has a market capitalization of $76.28 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 52 week low of $54.27 and a 52 week high of $79.39. The stock’s 50-day moving average price is $69.31 and its 200-day moving average price is $68.70. 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 (NYSE:APH) last released 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. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. On average, sell-side analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be issued a $0.165 dividend. 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 1.05%. Amphenol’s payout ratio is 34.55%.

Amphenol 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.