TD Private Client Wealth LLC Sells 3,225 Shares of Amphenol Co. (NYSE:APH)

TD Private Client Wealth LLC decreased its holdings in shares of Amphenol Co. (NYSE:APH) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,750 shares of the electronics maker’s stock after selling 3,225 shares during the period. TD Private Client Wealth LLC’s holdings in Amphenol were worth $4,775,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of APH. Blue Trust Inc. raised its position in shares of Amphenol by 208.8% in the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock worth $1,765,000 after acquiring an additional 18,322 shares in the last quarter. Spire Wealth Management raised its position in shares of Amphenol by 34.1% in the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock worth $6,836,000 after acquiring an additional 25,007 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Amphenol by 50.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock worth $17,477,000 after acquiring an additional 90,450 shares in the last quarter. Consolidated Planning Corp raised its position in shares of Amphenol by 37.0% in the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker’s stock worth $1,192,000 after acquiring an additional 4,631 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its position in shares of Amphenol by 11.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,682,734 shares of the electronics maker’s stock worth $109,647,000 after acquiring an additional 177,510 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on APH. The Goldman Sachs Group upped their price target on 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. upped their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Bank of America upped their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Truist Financial upped their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird upped their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Five investment 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. According to MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Price Performance

NYSE APH opened at $66.78 on Friday. The business’s fifty day moving average price is $68.01 and its 200-day moving average price is $68.48. The stock has a market capitalization of $80.88 billion, a price-to-earnings ratio of 34.87, 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. Amphenol Co. has a 1-year low of $54.72 and a 1-year high of $79.39.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm 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 company’s revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. On average, equities analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.99%. Amphenol’s payout ratio is 34.55%.

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.