Allspring Global Investments Holdings LLC Trims Position in Amphenol Co. (NYSE:APH)

Allspring Global Investments Holdings LLC decreased its position in shares of Amphenol Co. (NYSE:APH) by 5.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,139,445 shares of the electronics maker’s stock after selling 70,635 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.09% of Amphenol worth $78,633,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of APH. Trifecta Capital Advisors LLC lifted its position in shares of Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 338 shares in the last quarter. Brown Brothers Harriman & Co. lifted 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 worth $32,000 after purchasing an additional 166 shares in the last quarter. Continuum Advisory LLC lifted its holdings in Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 234 shares in the last quarter. Hanson & Doremus Investment Management bought a new position in Amphenol in the 4th quarter worth approximately $32,000. Finally, Endeavor Private Wealth Inc. purchased a new stake in Amphenol during the 4th quarter valued at approximately $49,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

NYSE:APH opened at $69.75 on Thursday. The firm has a market capitalization of $84.09 billion, a price-to-earnings ratio of 36.42, a PEG ratio of 1.99 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The business has a 50 day simple moving average of $71.48 and a 200-day simple moving average of $68.29. Amphenol Co. has a 1 year low of $51.13 and a 1 year high of $79.39.

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

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.95%. Amphenol’s payout ratio is 34.46%.

Analyst Ratings Changes

A number of brokerages recently weighed in on APH. Evercore ISI upped their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Citigroup increased their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. 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 report on Thursday, January 23rd. Bank of America boosted their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Finally, TD Cowen raised their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol 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.