Amphenol Co. (NYSE:APH) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lessened its stake in shares of Amphenol Co. (NYSE:APH) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,650,957 shares of the electronics maker’s stock after selling 40,563 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 0.47% of Amphenol worth $392,459,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Tacita Capital Inc raised its position in Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 296 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Amphenol in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Amphenol during the 4th quarter worth $28,000. Rakuten Securities Inc. lifted its stake in shares of Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management acquired a new position in Amphenol during the fourth quarter valued at approximately $32,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Price Performance

Shares of APH stock opened at $71.13 on Thursday. The stock’s fifty day simple moving average is $65.24 and its 200 day simple moving average is $68.78. Amphenol Co. has a one year low of $54.77 and a one year high of $79.39. The firm has a market cap of $86.19 billion, a price-to-earnings ratio of 37.14, a P/E/G ratio of 1.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

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, beating analysts’ consensus estimates of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations 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 previous year, the company posted $0.40 earnings per share. On average, analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol’s dividend payout ratio is 34.55%.

Analyst Ratings Changes

Several brokerages have recently weighed in on APH. Citigroup decreased their target price on Amphenol from $89.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. cut their target price on shares of Amphenol from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Bank of America boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group dropped their target price on Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Robert W. Baird raised their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.40.

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.