Amphenol Co. (NYSE:APH) Shares Sold by Shelton Capital Management

Shelton Capital Management reduced its stake in shares of Amphenol Co. (NYSE:APH) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,203 shares of the electronics maker’s stock after selling 321 shares during the quarter. Shelton Capital Management’s holdings in Amphenol were worth $500,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tacita Capital Inc grew its holdings in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after buying an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Amphenol in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol during the fourth quarter worth approximately $28,000. Rakuten Securities Inc. lifted its holdings in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new position in Amphenol in the 4th quarter valued at $32,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Truist Financial increased their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Bank of America boosted their target price on shares of 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 shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. The Goldman Sachs Group upped their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird lifted their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Four 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, Amphenol has a consensus rating of “Moderate Buy” and an average target price of $82.50.

Amphenol Stock Performance

Amphenol stock opened at $66.29 on Thursday. Amphenol Co. has a 1 year low of $54.72 and a 1 year high of $79.39. The company has a market cap of $80.33 billion, a PE ratio of 34.62, a PEG ratio of 1.92 and a beta of 1.17. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average is $66.09 and its two-hundred day moving average is $68.71.

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

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

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.