Mitsubishi UFJ Trust & Banking Corp Sells 116,195 Shares of Amphenol Co. (NYSE:APH)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in Amphenol Co. (NYSE:APH) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 824,554 shares of the electronics maker’s stock after selling 116,195 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of Amphenol worth $57,265,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Nwam LLC purchased a new stake in shares of Amphenol during the 3rd quarter valued at $229,000. Independent Advisor Alliance increased its holdings in Amphenol by 106.0% during the third quarter. Independent Advisor Alliance now owns 8,224 shares of the electronics maker’s stock worth $536,000 after buying an additional 4,232 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Amphenol by 157.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker’s stock valued at $125,899,000 after acquiring an additional 1,180,944 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of Amphenol by 231.5% during the 3rd quarter. Quantbot Technologies LP now owns 396,981 shares of the electronics maker’s stock worth $25,867,000 after purchasing an additional 277,245 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Amphenol stock opened at $69.48 on Wednesday. Amphenol Co. has a 1-year low of $54.72 and a 1-year high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $84.19 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The firm’s 50 day simple moving average is $68.02 and its 200 day simple moving average is $68.69.

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

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.95%. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on APH. Truist Financial upped their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Bank of America increased their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Robert W. Baird increased their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

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.