Amundi Has $1.01 Billion Stake in Amphenol Co. (NYSE:APH)

Amundi decreased its position in shares of Amphenol Co. (NYSE:APH) by 7.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,049,003 shares of the electronics maker’s stock after selling 1,096,804 shares during the period. Amundi’s holdings in Amphenol were worth $1,006,176,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of APH. Swedbank AB increased its holdings in shares of 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 buying an additional 1,000,000 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Amphenol by 73.9% during the third quarter. Principal Financial Group Inc. now owns 2,591,323 shares of the electronics maker’s stock worth $168,851,000 after buying an additional 1,101,368 shares in the last quarter. Consolidated Planning Corp bought a new stake in shares of Amphenol during the third quarter valued at approximately $816,000. Portside Wealth Group LLC grew its stake in shares of Amphenol by 24.7% during the third quarter. Portside Wealth Group LLC now owns 4,453 shares of the electronics maker’s stock valued at $290,000 after purchasing an additional 882 shares during the last quarter. Finally, Tandem Investment Advisors Inc. grew its stake in shares of Amphenol by 0.7% during the third quarter. Tandem Investment Advisors Inc. now owns 1,186,209 shares of the electronics maker’s stock valued at $77,293,000 after purchasing an additional 7,902 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Trading Up 2.0 %

APH opened at $62.99 on Friday. The firm’s fifty day moving average is $69.31 and its two-hundred day moving average is $68.69. 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 firm has a market cap of $76.28 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Amphenol Co. has a twelve month low of $54.27 and a twelve month high of $79.39.

Amphenol (NYSE:APH) last posted its earnings results 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 company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period last year, the business posted $0.82 earnings per share. Equities research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

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

Analyst Upgrades and Downgrades

APH has been the topic of several research analyst reports. The Goldman Sachs Group increased their price target 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. Citigroup increased their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Robert W. Baird increased their price target 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. Bank of America increased their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Finally, Truist Financial increased their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.68.

About Amphenol

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.