Rhumbline Advisers Decreases Stock Holdings in Amphenol Co. (NYSE:APH)

Rhumbline Advisers trimmed its position in shares of Amphenol Co. (NYSE:APH) by 2.7% during the 4th quarter, Holdings Channel reports. The fund owned 2,359,119 shares of the electronics maker’s stock after selling 65,238 shares during the period. Rhumbline Advisers’ holdings in Amphenol were worth $163,841,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of APH. Trifecta Capital Advisors LLC raised its holdings in Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after buying an additional 338 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after buying an additional 166 shares during the period. Continuum Advisory LLC raised its holdings in Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares during the period. Hanson & Doremus Investment Management purchased a new stake in Amphenol during the 4th quarter valued at $32,000. Finally, Endeavor Private Wealth Inc. purchased a new stake in Amphenol during the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Bank of America increased their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Citigroup increased their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. TD Cowen increased their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Robert W. Baird increased their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Price Performance

APH opened at $68.88 on Friday. Amphenol Co. has a 12-month low of $52.06 and a 12-month 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 business’s fifty day simple moving average is $71.29 and its 200-day simple moving average is $68.31. The company has a market capitalization of $83.42 billion, a price-to-earnings ratio of 35.97, a PEG ratio of 1.99 and a beta of 1.23.

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

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is currently 34.55%.

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.