Hartford Investment Management Co. Has $5.18 Million Stock Holdings in Amphenol Co. (NYSE:APH)

Hartford Investment Management Co. decreased its position in shares of Amphenol Co. (NYSE:APH) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,644 shares of the electronics maker’s stock after selling 1,330 shares during the period. Hartford Investment Management Co.’s holdings in Amphenol were worth $5,184,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC grew its position in Amphenol by 12.0% in the third quarter. Valeo Financial Advisors LLC now owns 8,104 shares of the electronics maker’s stock valued at $528,000 after acquiring an additional 866 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Amphenol by 49.3% during the third quarter. Ritholtz Wealth Management now owns 6,422 shares of the electronics maker’s stock valued at $418,000 after acquiring an additional 2,120 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Amphenol by 56.3% during the third quarter. Exchange Traded Concepts LLC now owns 32,579 shares of the electronics maker’s stock worth $2,123,000 after buying an additional 11,730 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Amphenol by 9.8% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 12,053 shares of the electronics maker’s stock worth $785,000 after buying an additional 1,077 shares in the last quarter. Finally, ORG Wealth Partners LLC purchased a new position in Amphenol in the third quarter worth $81,000. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Evercore ISI upped their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Citigroup upped their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Bank of America upped their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. TD Cowen increased their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Five investment 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Trading Down 2.6 %

Shares of NYSE APH opened at $69.95 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 business’s 50 day moving average price is $71.55 and its 200-day moving average price is $68.25. Amphenol Co. has a fifty-two week low of $51.13 and a fifty-two week high of $79.39. The company has a market cap of $84.33 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 1.99 and a beta of 1.23.

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

Amphenol Dividend Announcement

The company also recently declared 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 is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.94%. Amphenol’s dividend payout ratio is currently 34.46%.

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.