Watchman Group Inc. Sells 2,051 Shares of Amphenol Co. (NYSE:APH)

Watchman Group Inc. lowered its position in shares of Amphenol Co. (NYSE:APH) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,496 shares of the electronics maker’s stock after selling 2,051 shares during the period. Amphenol comprises about 1.2% of Watchman Group Inc.’s investment portfolio, making the stock its 22nd biggest holding. Watchman Group Inc.’s holdings in Amphenol were worth $4,618,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of APH. Princeton Global Asset Management LLC lifted its holdings in shares of Amphenol by 0.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock valued at $1,634,000 after purchasing an additional 136 shares during the last quarter. WASHINGTON TRUST Co boosted its holdings in shares of Amphenol by 23.0% in the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock worth $55,000 after buying an additional 147 shares during the last quarter. Fragasso Financial Advisors Inc grew its holdings in Amphenol by 4.7% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after purchasing an additional 171 shares during the period. Newbridge Financial Services Group Inc. raised its position in shares of Amphenol by 3.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker’s stock valued at $381,000 after purchasing an additional 173 shares during the period. Finally, Robertson Stephens Wealth Management LLC boosted its stake in Amphenol by 3.5% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker’s stock worth $363,000 after purchasing an additional 177 shares during the period. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on APH. Robert W. Baird boosted their target price on 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 lifted their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Truist Financial lifted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note 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 a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Price Performance

Amphenol stock opened at $66.56 on Friday. The business has a fifty day moving average of $67.86 and a two-hundred day moving average of $68.78. Amphenol Co. has a one year low of $54.72 and a one year high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The company has a market cap of $80.66 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last issued its quarterly earnings data 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. The firm had revenue of $4.32 billion during 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 was up 29.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. As a group, analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 34.55%.

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.