Hilltop Partners LLC Sells 954 Shares of Amphenol Co. (NYSE:APH)

Hilltop Partners LLC trimmed its holdings in shares of Amphenol Co. (NYSE:APH) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,848 shares of the electronics maker’s stock after selling 954 shares during the period. Hilltop Partners LLC’s holdings in Amphenol were worth $962,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Sierra Ocean LLC acquired a new position in shares of Amphenol during the 4th quarter worth approximately $28,000. Hanson & Doremus Investment Management acquired a new position in Amphenol during the fourth quarter worth $32,000. Continuum Advisory LLC lifted its stake in Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 234 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares during the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of Amphenol in the 4th quarter valued at about $49,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

NYSE:APH opened at $65.41 on Friday. 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 $79.21 billion, a price-to-earnings ratio of 34.16, a P/E/G ratio of 1.92 and a beta of 1.23. Amphenol Co. has a 52 week low of $53.85 and a 52 week high of $79.39. The firm’s 50-day simple moving average is $70.21 and its 200 day simple moving average is $68.75.

Amphenol (NYSE:APH) last announced its earnings results 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 for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $0.82 earnings per share. As a group, sell-side analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.01%. Amphenol’s payout ratio is 34.46%.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of recent analyst reports. Bank of America boosted their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Citigroup increased their price target on 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 lifted their price objective on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group lifted their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $80.68.

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.