Shelton Capital Management Has $500,000 Position in Amphenol Co. (NYSE:APH)

Shelton Capital Management lessened its position in Amphenol Co. (NYSE:APH) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,203 shares of the electronics maker’s stock after selling 321 shares during the quarter. Shelton Capital Management’s holdings in Amphenol were worth $500,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of APH. Integrated Wealth Concepts LLC lifted its position in shares of Amphenol by 8.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 10,342 shares of the electronics maker’s stock valued at $674,000 after acquiring an additional 811 shares during the period. EP Wealth Advisors LLC increased its holdings in Amphenol by 176.9% in the 3rd quarter. EP Wealth Advisors LLC now owns 11,089 shares of the electronics maker’s stock worth $723,000 after purchasing an additional 7,084 shares in the last quarter. MML Investors Services LLC increased its holdings in Amphenol by 14.8% in the 3rd quarter. MML Investors Services LLC now owns 117,884 shares of the electronics maker’s stock worth $7,681,000 after purchasing an additional 15,229 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Amphenol in the 3rd quarter worth about $325,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Amphenol by 6.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 351,485 shares of the electronics maker’s stock worth $22,903,000 after purchasing an additional 22,392 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on APH shares. JPMorgan Chase & Co. upped their price target on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Robert W. Baird upped 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 upped 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. Citigroup upped their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group upped their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.50.

Amphenol Stock Up 10.4 %

Shares of NYSE:APH opened at $66.29 on Thursday. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $66.09 and its 200 day moving average is $68.71. The stock has a market cap of $80.33 billion, a P/E ratio of 34.62, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol’s revenue was up 29.8% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. Sell-side analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.00%. The ex-dividend date was Tuesday, March 18th. Amphenol’s dividend payout ratio is currently 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.