Amphenol Co. (NYSE:APH) Stock Position Lowered by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund lessened its position in Amphenol Co. (NYSE:APH) by 84.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,605 shares of the electronics maker’s stock after selling 30,051 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Amphenol were worth $389,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Sierra Ocean LLC acquired a new position in Amphenol in the 4th quarter valued at approximately $28,000. Hanson & Doremus Investment Management acquired a new position in Amphenol in the 4th quarter valued at approximately $32,000. Continuum Advisory LLC increased its stake in Amphenol by 89.3% in 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. Brown Brothers Harriman & Co. increased its stake in Amphenol by 50.0% in 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. Finally, Endeavor Private Wealth Inc. acquired a new position in Amphenol in the 4th quarter valued at approximately $49,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

APH has been the topic of several research reports. Citigroup upped their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Robert W. Baird upped their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. TD Cowen increased their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Evercore ISI increased their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group increased their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Five 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’s stock. According to MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Performance

Shares of NYSE APH opened at $69.67 on Thursday. Amphenol Co. has a 12 month low of $52.06 and a 12 month high of $79.39. The company has a market cap of $84.37 billion, a P/E ratio of 36.38, a P/E/G ratio of 1.96 and a beta of 1.23. The business’s 50 day moving average is $70.94 and its two-hundred day moving average is $68.55. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

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

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. Amphenol’s payout ratio is 34.46%.

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.