Hendley & Co. Inc. Has $9.09 Million Stake in Amphenol Co. (NYSE:APH)

Hendley & Co. Inc. decreased its stake in shares of Amphenol Co. (NYSE:APH) by 0.3% during the fourth quarter, HoldingsChannel reports. The firm owned 130,935 shares of the electronics maker’s stock after selling 455 shares during the quarter. Amphenol accounts for approximately 3.2% of Hendley & Co. Inc.’s holdings, making the stock its 7th biggest position. Hendley & Co. Inc.’s holdings in Amphenol were worth $9,093,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp boosted its position in Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after acquiring an additional 1,537,880 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Amphenol by 2.3% in the 3rd 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 during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Amphenol by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker’s stock valued at $427,363,000 after purchasing an additional 63,180 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Amphenol by 25.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock worth $347,297,000 after purchasing an additional 1,073,480 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position 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 buying an additional 2,032,402 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Down 0.7 %

Amphenol stock opened at $67.14 on Tuesday. The firm has a market cap of $81.31 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 1.92 and a beta of 1.23. 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 Co. has a 12 month low of $53.67 and a 12 month high of $79.39. The stock has a fifty day simple moving average of $70.57 and a two-hundred day simple moving average of $68.77.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period last year, the company earned $0.82 EPS. Equities analysts predict 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 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 0.98%. Amphenol’s dividend payout ratio (DPR) is 34.46%.

Analyst Ratings Changes

APH has been the topic of a number of recent research reports. Citigroup upped their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Truist Financial upped 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. JPMorgan Chase & Co. lifted 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. Bank of America upped their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group lifted their price objective on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Five 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

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.