Bank Julius Baer & Co. Ltd Zurich Cuts Stock Position in Amphenol Co. (NYSE:APH)

Bank Julius Baer & Co. Ltd Zurich lowered its stake in Amphenol Co. (NYSE:APH) by 1.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 242,783 shares of the electronics maker’s stock after selling 4,167 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Amphenol were worth $17,567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in APH. Tacita Capital Inc grew its stake in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after buying an additional 296 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Amphenol during the 4th quarter valued at $28,000. Brown Brothers Harriman & Co. boosted its stake in Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 166 shares during the last quarter. Continuum Advisory LLC boosted its stake in Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 234 shares during the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in Amphenol during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of Amphenol stock opened at $62.99 on Friday. Amphenol Co. has a one year low of $54.27 and a one year high of $79.39. The stock’s fifty day moving average is $69.31 and its 200 day moving average is $68.70. The stock has a market cap of $76.28 billion, a P/E ratio of 32.89, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the firm earned $0.82 EPS. Amphenol’s revenue for the quarter was up 29.8% compared to the same quarter last year. Sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 1.05%. Amphenol’s dividend payout ratio is presently 34.55%.

Analysts Set New Price Targets

APH has been the topic of several recent analyst reports. Bank of America increased their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Citigroup increased their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Truist Financial increased their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Robert W. Baird increased their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their price target on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Five investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

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.