Bank Julius Baer & Co. Ltd Zurich Sells 4,167 Shares of Amphenol Co. (NYSE:APH)

Bank Julius Baer & Co. Ltd Zurich cut its holdings in shares of Amphenol Co. (NYSE:APH) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 242,783 shares of the electronics maker’s stock after selling 4,167 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Amphenol were worth $17,567,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of APH. Prescott Group Capital Management L.L.C. purchased a new position in shares of Amphenol during the fourth quarter valued at about $1,389,000. Callan Family Office LLC grew its position in shares of Amphenol by 528.1% during the fourth quarter. Callan Family Office LLC now owns 73,439 shares of the electronics maker’s stock valued at $5,100,000 after purchasing an additional 61,747 shares in the last quarter. E Fund Management Co. Ltd. grew its position in shares of Amphenol by 112.4% during the fourth quarter. E Fund Management Co. Ltd. now owns 36,967 shares of the electronics maker’s stock valued at $2,567,000 after purchasing an additional 19,562 shares in the last quarter. Candriam S.C.A. grew its position in shares of Amphenol by 1,024.4% during the fourth quarter. Candriam S.C.A. now owns 783,675 shares of the electronics maker’s stock valued at $54,426,000 after purchasing an additional 713,976 shares in the last quarter. Finally, Ethos Financial Group LLC purchased a new position in shares of Amphenol during the fourth quarter valued at about $167,000. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Up 2.0 %

Shares of NYSE APH opened at $62.99 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The company has a market cap of $76.28 billion, a P/E ratio of 32.89, a PEG ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 1 year low of $54.27 and a 1 year high of $79.39. The firm has a 50-day simple moving average of $69.31 and a two-hundred day simple moving average of $68.70.

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. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm earned $0.82 earnings per share. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. Research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio is presently 34.55%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on APH. The Goldman Sachs Group raised their price objective on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Bank of America lifted their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial lifted their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird lifted their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Company 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.