Amphenol Co. (NYSE:APH) Shares Sold by Sandy Spring Bank

Sandy Spring Bank lowered its position in Amphenol Co. (NYSE:APH) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 40,389 shares of the electronics maker’s stock after selling 907 shares during the period. Sandy Spring Bank’s holdings in Amphenol were worth $2,805,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of APH. Swedbank AB grew its holdings in shares of Amphenol by 38.5% in the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock valued at $234,592,000 after purchasing an additional 1,000,000 shares during the period. Caprock Group LLC boosted its stake in Amphenol by 3.4% during the third quarter. Caprock Group LLC now owns 30,884 shares of the electronics maker’s stock worth $2,018,000 after buying an additional 1,013 shares during the period. Meeder Asset Management Inc. boosted its stake in Amphenol by 31.3% during the third quarter. Meeder Asset Management Inc. now owns 1,113 shares of the electronics maker’s stock worth $73,000 after buying an additional 265 shares during the period. Strategy Asset Managers LLC purchased a new position in Amphenol during the third quarter worth about $570,000. Finally, Commerce Bank boosted its stake in Amphenol by 5.0% during the third quarter. Commerce Bank now owns 184,712 shares of the electronics maker’s stock worth $12,036,000 after buying an additional 8,744 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Down 1.6 %

Shares of NYSE:APH opened at $66.35 on Friday. The firm’s 50 day moving average price is $68.08 and its 200 day moving average price is $68.48. The stock has a market cap of $80.35 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Amphenol Co. has a fifty-two week low of $54.72 and a fifty-two week high of $79.39. 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 issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 earnings per share. As a group, equities research analysts predict 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. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.99%. Amphenol’s payout ratio is currently 34.55%.

Analyst Ratings Changes

Several research analysts have weighed in on APH shares. Bank of America increased their target price 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. JPMorgan Chase & Co. increased their target price 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. Truist Financial increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird raised 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. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.