Schechter Investment Advisors LLC Trims Stock Holdings in Amphenol Co. (NYSE:APH)

Schechter Investment Advisors LLC trimmed its position in Amphenol Co. (NYSE:APH) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,640 shares of the electronics maker’s stock after selling 288 shares during the period. Schechter Investment Advisors LLC’s holdings in Amphenol were worth $878,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APH. Swedbank AB grew its stake in Amphenol by 38.5% in 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 period. Van ECK Associates Corp grew its stake in shares of Amphenol by 11.0% in the third quarter. Van ECK Associates Corp now owns 218,657 shares of the electronics maker’s stock worth $14,971,000 after acquiring an additional 21,681 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Amphenol by 2.5% in the third quarter. Asset Management One Co. Ltd. now owns 512,781 shares of the electronics maker’s stock worth $33,413,000 after acquiring an additional 12,590 shares during the last quarter. Greenwood Capital Associates LLC grew its stake in shares of Amphenol by 3.1% in the third quarter. Greenwood Capital Associates LLC now owns 106,787 shares of the electronics maker’s stock worth $6,958,000 after acquiring an additional 3,174 shares during the last quarter. Finally, Amalgamated Bank grew its stake in shares of Amphenol by 3.5% in the third quarter. Amalgamated Bank now owns 259,076 shares of the electronics maker’s stock worth $16,881,000 after acquiring an additional 8,726 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Down 0.7 %

APH stock opened at $63.00 on Wednesday. Amphenol Co. has a fifty-two week low of $54.27 and a fifty-two week high of $79.39. The business’s 50-day moving average is $69.80 and its two-hundred day moving average is $68.79. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The company has a market cap of $76.30 billion, a price-to-earnings ratio of 32.90, a P/E/G ratio of 1.92 and a beta of 1.25.

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

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 34.55%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on APH shares. JPMorgan Chase & Co. increased their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group increased their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Citigroup upped their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Bank of America upped their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Finally, Robert W. Baird upped their price target on Amphenol from $85.00 to $89.00 and gave the company an “outperform” 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. According to MarketBeat.com, Amphenol presently has an average 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.