Tortoise Investment Management LLC Sells 1,140 Shares of Amphenol Co. (NYSE:APH)

Tortoise Investment Management LLC lessened its holdings in Amphenol Co. (NYSE:APH) by 45.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,376 shares of the electronics maker’s stock after selling 1,140 shares during the quarter. Tortoise Investment Management LLC’s holdings in Amphenol were worth $96,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of APH. Swedbank AB grew its position in shares of Amphenol by 38.5% during the 3rd quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock worth $234,592,000 after buying an additional 1,000,000 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Amphenol during the 3rd quarter worth $606,000. Assetmark Inc. lifted its stake in shares of Amphenol by 12.3% during the 3rd quarter. Assetmark Inc. now owns 38,936 shares of the electronics maker’s stock worth $2,537,000 after purchasing an additional 4,272 shares during the last quarter. Atria Investments Inc raised its stake in Amphenol by 2.0% in the third quarter. Atria Investments Inc now owns 95,363 shares of the electronics maker’s stock valued at $6,214,000 after buying an additional 1,896 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its stake in Amphenol by 1.3% in the third quarter. Mesirow Financial Investment Management Inc. now owns 38,390 shares of the electronics maker’s stock valued at $2,501,000 after buying an additional 478 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Trading Down 1.9 %

APH opened at $61.76 on Tuesday. Amphenol Co. has a 12 month low of $54.27 and a 12 month high of $79.39. The stock has a market capitalization of $74.79 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The business has a fifty day moving average price of $69.15 and a 200 day moving average price of $68.67.

Amphenol (NYSE:APH) last announced its quarterly 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. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 EPS. Sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued 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 currently 34.55%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Citigroup increased their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Robert W. Baird raised their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Bank of America raised their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group lifted their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

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.