Global Retirement Partners LLC Sells 294 Shares of Amphenol Co. (NYSE:APH)

Global Retirement Partners LLC lessened its position in Amphenol Co. (NYSE:APH) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,362 shares of the electronics maker’s stock after selling 294 shares during the quarter. Global Retirement Partners LLC’s holdings in Amphenol were worth $303,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Swedbank AB boosted its holdings in Amphenol by 38.5% during the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock worth $234,592,000 after purchasing an additional 1,000,000 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Amphenol by 5.6% during the 3rd quarter. Private Advisor Group LLC now owns 39,185 shares of the electronics maker’s stock worth $2,553,000 after buying an additional 2,061 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Amphenol by 177.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 344,795 shares of the electronics maker’s stock valued at $22,467,000 after acquiring an additional 220,386 shares in the last quarter. Modera Wealth Management LLC increased its position in shares of Amphenol by 11.2% in the third quarter. Modera Wealth Management LLC now owns 3,302 shares of the electronics maker’s stock valued at $215,000 after acquiring an additional 333 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Amphenol by 5.3% during the third quarter. State of Alaska Department of Revenue now owns 142,336 shares of the electronics maker’s stock worth $9,274,000 after acquiring an additional 7,170 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Trading Down 0.7 %

Shares of NYSE:APH opened at $67.14 on Tuesday. The stock has a market cap of $81.31 billion, a PE ratio of 35.06, a P/E/G ratio of 1.97 and a beta of 1.23. 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 Co. has a 12-month low of $53.67 and a 12-month high of $79.39. The business has a 50 day moving average of $70.57 and a 200-day moving average of $68.77.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping 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 return on equity of 25.67% and a net margin of 15.92%. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 EPS. As a group, equities research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given 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 dividend yield of 0.98%. Amphenol’s payout ratio is presently 34.55%.

Analysts Set New Price Targets

A number of research analysts have weighed in on APH shares. Citigroup raised their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Bank of America boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. The Goldman Sachs Group upped their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Truist Financial lifted 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. Finally, JPMorgan Chase & Co. upped their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target 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.