Harvest Fund Management Co. Ltd Sells 45,835 Shares of Amphenol Co. (NYSE:APH)

Harvest Fund Management Co. Ltd decreased its holdings in shares of Amphenol Co. (NYSE:APH) by 30.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 105,467 shares of the electronics maker’s stock after selling 45,835 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Amphenol were worth $7,329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in APH. Madison Investment Advisors LLC bought a new stake in shares of Amphenol during the 4th quarter valued at $157,749,000. Jacobs Levy Equity Management Inc. raised its position in shares of Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after acquiring an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of Amphenol during the 3rd quarter valued at $113,828,000. Los Angeles Capital Management LLC raised its position in shares of Amphenol by 3,103.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,684,596 shares of the electronics maker’s stock valued at $116,995,000 after acquiring an additional 1,632,014 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Amphenol during the 4th quarter valued at $109,276,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Trading Up 0.1 %

Shares of NYSE:APH opened at $63.90 on Wednesday. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. The company has a market capitalization of $77.38 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a 50-day simple moving average of $68.28 and a 200 day simple moving average of $68.50. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

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

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given 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 1.03%. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Citigroup boosted 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 price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird upped their price objective 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. Bank of America upped their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped 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. Five 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. Based on data from MarketBeat, Amphenol presently has an average 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.