Tandem Investment Advisors Inc. Trims Stock Holdings in Amphenol Co. (NYSE:APH)

Tandem Investment Advisors Inc. lessened its stake in shares of Amphenol Co. (NYSE:APH) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,164,069 shares of the electronics maker’s stock after selling 22,140 shares during the quarter. Amphenol makes up approximately 3.1% of Tandem Investment Advisors Inc.’s holdings, making the stock its 17th largest holding. Tandem Investment Advisors Inc.’s holdings in Amphenol were worth $80,845,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC raised its position in shares of Amphenol by 0.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock valued at $1,634,000 after buying an additional 136 shares during the last quarter. WASHINGTON TRUST Co grew its stake in Amphenol by 23.0% in the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock worth $55,000 after acquiring an additional 147 shares during the period. Fortitude Family Office LLC raised its holdings in Amphenol by 13.9% in the 3rd quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock valued at $84,000 after acquiring an additional 158 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares during the last quarter. Finally, Fragasso Financial Advisors Inc lifted its stake in shares of Amphenol by 4.7% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock worth $266,000 after purchasing an additional 171 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Price Performance

Amphenol stock opened at $69.37 on Friday. The firm has a fifty day moving average of $70.85 and a 200-day moving average of $68.55. Amphenol Co. has a 52-week low of $52.10 and a 52-week high of $79.39. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $84.01 billion, a P/E ratio of 36.22, a PEG ratio of 1.96 and a beta of 1.23.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm 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%. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. As a group, analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on APH. Citigroup lifted their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Evercore ISI upped their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Robert W. Baird increased their price objective on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a 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 company a “buy” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Five investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.