TD Asset Management Inc. Trims Holdings in Amphenol Co. (NYSE:APH)

TD Asset Management Inc. cut its holdings in Amphenol Co. (NYSE:APH) by 12.7% during the fourth quarter, HoldingsChannel reports. The firm owned 3,294,108 shares of the electronics maker’s stock after selling 479,203 shares during the period. TD Asset Management Inc.’s holdings in Amphenol were worth $228,776,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Tacita Capital Inc lifted its holdings in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 296 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Amphenol in the 4th quarter worth $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol in the fourth quarter valued at about $28,000. Rakuten Securities Inc. increased its stake in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 366 shares during the period. Finally, Brown Brothers Harriman & Co. raised its holdings in Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APH has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Bank of America increased their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their target price 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. Citigroup increased their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a 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 stock a “buy” rating in a 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Performance

Shares of APH opened at $69.48 on Wednesday. The company has a 50-day moving average of $68.02 and a two-hundred day moving average of $68.69. The stock has a market cap of $84.19 billion, a P/E ratio of 36.28, a PEG ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 12-month low of $54.72 and a 12-month high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, research analysts predict that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

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 dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio is presently 34.55%.

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.