Amphenol Co. (NYSE:APH) Position Decreased by TOMS Capital Investment Management LP

TOMS Capital Investment Management LP lowered its position in Amphenol Co. (NYSE:APH) by 21.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,492,400 shares of the electronics maker’s stock after selling 409,273 shares during the quarter. Amphenol accounts for 3.8% of TOMS Capital Investment Management LP’s investment portfolio, making the stock its 6th biggest position. TOMS Capital Investment Management LP owned 0.12% of Amphenol worth $103,647,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in APH. Virtu Financial LLC acquired a new position in shares of Amphenol in the 3rd quarter valued at about $582,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Amphenol in the 3rd quarter valued at about $2,277,000. Tidal Investments LLC lifted its stake in shares of Amphenol by 464.6% in the 3rd quarter. Tidal Investments LLC now owns 396,066 shares of the electronics maker’s stock valued at $25,808,000 after purchasing an additional 325,912 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Amphenol in the 3rd quarter valued at about $9,614,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Amphenol by 73.9% in the 3rd quarter. Principal Financial Group Inc. now owns 2,591,323 shares of the electronics maker’s stock valued at $168,851,000 after purchasing an additional 1,101,368 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on APH shares. Bank of America lifted their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Truist Financial boosted their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their price target on Amphenol from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Finally, US Capital Advisors set a $85.00 price target on Amphenol in a research report on Thursday. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.58.

Amphenol Stock Performance

APH stock opened at $75.90 on Tuesday. 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 firm has a market cap of $91.97 billion, a P/E ratio of 39.63, a P/E/G ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $79.39. The stock’s 50 day simple moving average is $65.65 and its 200 day simple moving average is $69.08.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s revenue was up 47.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 EPS. As a group, equities research analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol’s dividend payout ratio is currently 32.04%.

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.