Amphenol Co. (NYSE:APH) Shares Sold by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. trimmed its stake in Amphenol Co. (NYSE:APH) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,038,311 shares of the electronics maker’s stock after selling 3,833 shares during the quarter. Amphenol accounts for 3.3% of Cookson Peirce & Co. Inc.’s portfolio, making the stock its 6th largest position. Cookson Peirce & Co. Inc. owned about 0.09% of Amphenol worth $72,111,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. increased its stake in shares of Amphenol by 89.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after acquiring an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP purchased a new position in Amphenol in the third quarter valued at about $113,828,000. Los Angeles Capital Management LLC increased its position in Amphenol by 3,103.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker’s stock worth $116,995,000 after purchasing an additional 1,632,014 shares during the last quarter. State Street Corp raised its stake in shares of Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after purchasing an additional 1,537,880 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Amphenol by 151.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker’s stock valued at $144,047,000 after buying an additional 1,332,298 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Down 0.7 %

Shares of APH stock opened at $63.00 on Wednesday. Amphenol Co. has a 12 month low of $54.27 and a 12 month high of $79.39. 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 firm has a market cap of $76.30 billion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The stock has a 50 day moving average of $69.80 and a 200-day moving average of $68.79.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the company earned $0.82 EPS. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. On average, equities analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid 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 yield of 1.05%. Amphenol’s dividend payout ratio is 34.55%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. The Goldman Sachs Group increased their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird raised their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. 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. increased their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Citigroup upped their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. 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. Based on data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

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.