NewEdge Wealth LLC Sells 3,388 Shares of Amphenol Co. (NYSE:APH)

NewEdge Wealth LLC lessened its holdings in shares of Amphenol Co. (NYSE:APH) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,541 shares of the electronics maker’s stock after selling 3,388 shares during the quarter. NewEdge Wealth LLC’s holdings in Amphenol were worth $1,982,000 at the end of the most recent quarter.

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

Amphenol Price Performance

Shares of NYSE APH opened at $66.57 on Friday. Amphenol Co. has a 1 year low of $54.24 and a 1 year high of $79.39. The stock has a market capitalization of $80.62 billion, a P/E ratio of 34.76, a P/E/G ratio of 1.92 and a beta of 1.23. The company’s 50-day moving average is $70.13 and its 200 day moving average is $68.80. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The business’s revenue was up 29.8% compared to the same quarter last year. On average, sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on APH shares. JPMorgan Chase & Co. raised their price objective on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Bank of America raised 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 boosted 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. The Goldman Sachs Group raised 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. Finally, Robert W. Baird upped their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Five equities research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.