Truist Financial Corp Decreases Stake in Amphenol Co. (NYSE:APH)

Truist Financial Corp lowered its position in Amphenol Co. (NYSE:APH) by 2.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 188,406 shares of the electronics maker’s stock after selling 4,026 shares during the quarter. Truist Financial Corp’s holdings in Amphenol were worth $13,085,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in APH. CIBC Asset Management Inc grew its holdings in Amphenol by 4.1% during the 4th quarter. CIBC Asset Management Inc now owns 213,401 shares of the electronics maker’s stock valued at $14,821,000 after buying an additional 8,490 shares in the last quarter. Highview Capital Management LLC DE grew its holdings in Amphenol by 4.1% during the 4th quarter. Highview Capital Management LLC DE now owns 16,565 shares of the electronics maker’s stock valued at $1,150,000 after buying an additional 653 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Amphenol by 0.3% during the 4th quarter. Principal Financial Group Inc. now owns 2,598,845 shares of the electronics maker’s stock valued at $180,490,000 after buying an additional 7,522 shares in the last quarter. Sierra Ocean LLC purchased a new position in Amphenol during the 4th quarter valued at about $28,000. Finally, J.W. Cole Advisors Inc. grew its holdings in Amphenol by 53.2% during the 4th quarter. J.W. Cole Advisors Inc. now owns 5,644 shares of the electronics maker’s stock valued at $392,000 after buying an additional 1,961 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

NYSE:APH opened at $69.37 on Friday. The business has a 50 day moving average of $70.85 and a 200 day moving average of $68.55. The company has a market capitalization of $84.01 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 1.96 and a beta of 1.23. Amphenol Co. has a 1-year low of $52.10 and a 1-year high of $79.39. 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 released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share 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 during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the company posted $0.82 EPS. Amphenol’s quarterly revenue was up 29.8% compared to the same quarter last year. On average, sell-side analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.95%. Amphenol’s payout ratio is currently 34.46%.

Analyst Upgrades and Downgrades

APH has been the subject of a number of recent analyst reports. The Goldman Sachs Group lifted their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Bank of America lifted their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Robert W. Baird boosted their price objective on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. TD Cowen boosted their price objective on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.