First Foundation Advisors Lowers Stock Holdings in Amphenol Co. (NYSE:APH)

First Foundation Advisors reduced its position in shares of Amphenol Co. (NYSE:APH) by 0.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 270,022 shares of the electronics maker’s stock after selling 2,329 shares during the period. First Foundation Advisors’ holdings in Amphenol were worth $18,753,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tacita Capital Inc boosted its position in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after buying an additional 296 shares during the period. Sierra Ocean LLC purchased a new position in shares of Amphenol during the fourth quarter worth $28,000. Rialto Wealth Management LLC purchased a new position in Amphenol in the fourth quarter valued at $28,000. Rakuten Securities Inc. boosted its holdings in Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new position in Amphenol in the fourth quarter valued at $32,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Down 3.1 %

APH opened at $64.16 on Thursday. The business’s 50-day simple moving average is $66.09 and its 200-day simple moving average is $68.71. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a one year low of $54.72 and a one year high of $79.39. The stock has a market capitalization of $77.75 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

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

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 34.55%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on APH. Bank of America lifted their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Robert W. Baird lifted their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. The Goldman Sachs Group lifted their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Citigroup lifted their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Four investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.50.

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.