Public Employees Retirement Association of Colorado Cuts Stock Holdings in Amphenol Co. (NYSE:APH)

Public Employees Retirement Association of Colorado decreased its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,840,694 shares of the electronics maker's stock after selling 76,666 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.15% of Amphenol worth $127,836,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Tacita Capital Inc raised its holdings in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 296 shares in the last quarter. Sierra Ocean LLC bought a new position in Amphenol in the 4th quarter valued at $28,000. Rialto Wealth Management LLC bought a new position in Amphenol in the 4th quarter valued at $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 during the period. Finally, Hanson & Doremus Investment Management acquired a new stake in Amphenol during the 4th quarter worth $32,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Truist Financial raised their price objective on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Bank of America increased their target price on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. Robert W. Baird raised their price objective on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, UBS Group reiterated a "buy" rating and set a $85.00 target price (up from $78.00) on shares of Amphenol in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amphenol currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.58.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Lance E. D'amico sold 175,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the transaction, the vice president now owns 51,400 shares in the company, valued at $3,920,792. This trade represents a 77.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Luc Walter sold 390,000 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the completion of the sale, the insider now owns 447,790 shares of the company's stock, valued at $33,991,738.90. This trade represents a 46.55 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,965,000 shares of company stock valued at $224,785,900. 1.67% of the stock is owned by company insiders.

Amphenol Price Performance

NYSE APH traded up $0.37 during trading hours on Wednesday, reaching $77.05. 6,621,983 shares of the stock traded hands, compared to its average volume of 7,458,122. The stock has a 50 day simple moving average of $65.80 and a two-hundred day simple moving average of $69.13. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $79.39. The company has a market cap of $93.37 billion, a price-to-earnings ratio of 40.24, a price-to-earnings-growth 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 - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol's quarterly revenue was up 47.7% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. On average, analysts predict that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.86%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

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.