Taurus Asset Management LLC Sells 2,411 Shares of Amphenol Co. (NYSE:APH)

Taurus Asset Management LLC reduced its stake in Amphenol Co. (NYSE:APH) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 332,605 shares of the electronics maker’s stock after selling 2,411 shares during the period. Amphenol accounts for 2.2% of Taurus Asset Management LLC’s holdings, making the stock its 16th biggest holding. Taurus Asset Management LLC’s holdings in Amphenol were worth $23,099,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Synovus Financial Corp raised its stake in Amphenol by 2.6% during the 4th quarter. Synovus Financial Corp now owns 67,733 shares of the electronics maker’s stock worth $4,704,000 after buying an additional 1,724 shares during the period. Advisors Capital Management LLC increased its holdings in shares of Amphenol by 5.3% during the fourth quarter. Advisors Capital Management LLC now owns 4,647 shares of the electronics maker’s stock valued at $323,000 after acquiring an additional 235 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new position in shares of Amphenol during the fourth quarter worth approximately $564,000. Townsquare Capital LLC lifted its holdings in shares of Amphenol by 35.2% in the 4th quarter. Townsquare Capital LLC now owns 131,070 shares of the electronics maker’s stock worth $9,103,000 after purchasing an additional 34,160 shares in the last quarter. Finally, Aquire Wealth Advisors LLC acquired a new stake in Amphenol in the 4th quarter valued at $204,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Trading Up 2.0 %

NYSE APH opened at $65.39 on Friday. The stock has a market capitalization of $79.23 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 1.92 and a beta of 1.17. The business’s fifty day moving average is $65.88 and its 200-day moving average is $68.69. 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 one year low of $54.72 and a one year high of $79.39.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating 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 firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The company’s quarterly revenue was up 29.8% on a year-over-year basis. Equities research analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were paid a $0.165 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. Amphenol’s payout ratio is presently 34.55%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on APH. Truist Financial upped their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. UBS Group lowered their price objective on Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday. Robert W. Baird lifted 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. Finally, Bank of America increased their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Four 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 data from MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $80.60.

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.