Amphenol Co. (NYSE:APH) Shares Sold by Evercore Wealth Management LLC

Evercore Wealth Management LLC reduced its stake in shares of Amphenol Co. (NYSE:APH) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,509 shares of the electronics maker’s stock after selling 2,264 shares during the period. Evercore Wealth Management LLC’s holdings in Amphenol were worth $4,341,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in APH. Princeton Global Asset Management LLC boosted its position in Amphenol by 0.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock worth $1,634,000 after purchasing an additional 136 shares in the last quarter. WASHINGTON TRUST Co raised its position in Amphenol by 23.0% during the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock worth $55,000 after acquiring an additional 147 shares during the last quarter. Fragasso Financial Advisors Inc lifted its holdings in shares of Amphenol by 4.7% in 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 in the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of Amphenol by 3.3% in the fourth 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 last quarter. Finally, Robertson Stephens Wealth Management LLC raised its position in shares of Amphenol by 3.5% during 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 last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on APH. Robert W. Baird upped their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. UBS Group decreased their price target on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. cut their price objective on shares of Amphenol from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Bank of America raised their target price 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. Finally, Truist Financial boosted their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average price target of $79.40.

Amphenol Price Performance

APH stock opened at $71.13 on Thursday. The company has a market cap of $86.19 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. 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 stock has a 50-day moving average price of $65.24 and a two-hundred day moving average price of $68.78. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $79.39.

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

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.93%. Amphenol’s dividend payout ratio is currently 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.