Amphenol Co. (NYSE:APH) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co cut its stake in Amphenol Co. (NYSE:APH) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,902 shares of the electronics maker’s stock after selling 4,223 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Amphenol were worth $7,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of APH. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Amphenol by 12.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,993,329 shares of the electronics maker’s stock valued at $139,782,000 after buying an additional 226,021 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its stake in Amphenol by 0.8% during the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 808,150 shares of the electronics maker’s stock valued at $56,126,000 after purchasing an additional 6,100 shares during the last quarter. Financial Engines Advisors L.L.C. acquired a new position in shares of Amphenol in the fourth quarter valued at about $204,000. Financial Counselors Inc. raised its stake in shares of Amphenol by 0.5% in the fourth quarter. Financial Counselors Inc. now owns 109,757 shares of the electronics maker’s stock worth $7,623,000 after purchasing an additional 595 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. lifted its holdings in shares of Amphenol by 2.1% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 153,290 shares of the electronics maker’s stock worth $10,646,000 after purchasing an additional 3,080 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Trading Down 2.8 %

Shares of APH stock opened at $67.54 on Thursday. Amphenol Co. has a 1-year low of $54.72 and a 1-year high of $79.39. The company has a market cap of $81.84 billion, a price-to-earnings ratio of 35.27, 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 stock has a 50 day simple moving average of $67.95 and a 200-day simple moving average of $68.69.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share 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 company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the business posted $0.82 earnings per share. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, equities research analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

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 paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.98%. Amphenol’s dividend payout ratio (DPR) is currently 34.55%.

Wall Street Analysts Forecast Growth

APH has been the topic of several research reports. Citigroup increased 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. The Goldman Sachs Group raised their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Truist Financial upped their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Bank of America lifted their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird upped 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. Five research 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.