Lazard Freres Gestion S.A.S. Sells 17,428 Shares of Amphenol Co. (NYSE:APH)

Lazard Freres Gestion S.A.S. lowered its stake in shares of Amphenol Co. (NYSE:APH) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,032,376 shares of the electronics maker’s stock after selling 17,428 shares during the period. Amphenol accounts for about 1.4% of Lazard Freres Gestion S.A.S.’s investment portfolio, making the stock its 22nd largest position. Lazard Freres Gestion S.A.S. owned about 0.09% of Amphenol worth $71,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp raised its stake in Amphenol by 3.0% during the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after purchasing an additional 1,537,880 shares in the last quarter. Geode Capital Management LLC raised its stake in Amphenol by 2.3% during the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock valued at $1,601,540,000 after purchasing an additional 564,991 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Amphenol by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,760,270 shares of the electronics maker’s stock valued at $469,501,000 after purchasing an additional 201,600 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Amphenol by 89.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after purchasing an additional 2,032,402 shares in the last quarter. Finally, Swedbank AB raised its stake in Amphenol by 19.4% during the fourth quarter. Swedbank AB now owns 4,300,252 shares of the electronics maker’s stock valued at $298,653,000 after purchasing an additional 700,000 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

APH has been the topic of a number of recent research reports. Bank of America upped their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective 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. Citigroup boosted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, Truist Financial boosted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Five investment 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Stock Performance

APH stock opened at $62.88 on Thursday. The firm has a market cap of $76.15 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 1.92 and a beta of 1.25. The firm has a 50-day simple moving average of $68.86 and a two-hundred day simple moving average of $68.59. Amphenol Co. has a one year low of $54.27 and a one year high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

Amphenol (NYSE:APH) last released its quarterly 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. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. On average, equities analysts forecast that Amphenol Co. will post 2.36 EPS 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 $0.165 dividend. 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 payout ratio is currently 34.55%.

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.