Amphenol Co. (NYSE:APH) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of Amphenol Co. (NYSE:APH) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,991 shares of the electronics maker’s stock after selling 706 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Amphenol were worth $6,180,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of APH. Vanguard Group Inc. grew its stake in Amphenol by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock worth $10,565,279,000 after buying an additional 2,108,578 shares during the last quarter. FMR LLC grew its holdings in Amphenol by 2.6% in the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock worth $7,240,202,000 after buying an additional 2,643,752 shares in the last quarter. Geode Capital Management LLC raised its stake in Amphenol by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock valued at $1,754,672,000 after acquiring an additional 659,560 shares in the last quarter. Norges Bank bought a new position in shares of Amphenol in the fourth quarter worth $1,378,794,000. Finally, Invesco Ltd. raised its stake in shares of Amphenol by 1.2% during the fourth quarter. Invesco Ltd. now owns 9,057,928 shares of the electronics maker’s stock valued at $629,073,000 after purchasing an additional 107,482 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on APH shares. Bank of America boosted their price target 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. UBS Group cut their target price on Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. The Goldman Sachs Group dropped their price objective on Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. lowered their target price on Amphenol from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Finally, Citigroup dropped their price target on shares of Amphenol from $89.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.40.

Amphenol Price Performance

Shares of APH opened at $65.92 on Wednesday. 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 firm has a market cap of $79.88 billion, a PE ratio of 34.42, a PEG ratio of 1.92 and a beta of 1.17. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $79.39. The firm’s 50 day moving average price is $65.20 and its 200 day moving average price is $68.76.

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 analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the company posted $0.82 earnings per share. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. As a group, research analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed 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 dividend yield of 1.00%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol’s payout ratio is 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.