Jensen Investment Management Inc. Sells 575,984 Shares of Amphenol Co. (NYSE:APH)

Jensen Investment Management Inc. trimmed its holdings in shares of Amphenol Co. (NYSE:APH) by 18.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,519,676 shares of the electronics maker’s stock after selling 575,984 shares during the quarter. Amphenol accounts for 1.6% of Jensen Investment Management Inc.’s holdings, making the stock its 25th biggest position. Jensen Investment Management Inc.’s holdings in Amphenol were worth $174,991,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of APH. Madison Investment Advisors LLC bought a new stake in Amphenol during the 4th quarter worth approximately $157,749,000. Jacobs Levy Equity Management Inc. increased its stake in Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after purchasing an additional 2,032,402 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Amphenol during the 3rd quarter worth approximately $113,828,000. Los Angeles Capital Management LLC grew its stake in shares of Amphenol by 3,103.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker’s stock worth $116,995,000 after acquiring an additional 1,632,014 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Amphenol during the 4th quarter worth approximately $109,276,000. 97.01% of the stock is owned by institutional investors.

Amphenol Trading Up 2.4 %

Shares of Amphenol stock opened at $63.08 on Monday. The business has a fifty day simple moving average of $68.57 and a two-hundred day simple moving average of $68.55. Amphenol Co. has a 1 year low of $54.72 and a 1 year high of $79.39. The company has a market capitalization of $76.39 billion, a price-to-earnings ratio of 32.94, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $0.82 EPS. The company’s quarterly revenue was up 29.8% on a year-over-year basis. Research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

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

Analyst Ratings Changes

APH has been the subject of several research reports. The Goldman Sachs Group raised 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. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Bank of America raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Citigroup increased their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Finally, Truist Financial increased their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

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.