Hixon Zuercher LLC Has $1.61 Million Stake in Amphenol Co. (NYSE:APH)

Hixon Zuercher LLC reduced its holdings in shares of Amphenol Co. (NYSE:APH) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 23,231 shares of the electronics maker’s stock after selling 423 shares during the quarter. Hixon Zuercher LLC’s holdings in Amphenol were worth $1,613,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. grew its position in shares of Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after buying an additional 2,032,402 shares during the period. Two Sigma Advisers LP bought a new position in Amphenol during the third quarter worth $113,828,000. State Street Corp grew its holdings in Amphenol by 3.0% in the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after purchasing an additional 1,537,880 shares during the period. Point72 Asset Management L.P. increased its stake in Amphenol by 151.7% in the third quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker’s stock valued at $144,047,000 after purchasing an additional 1,332,298 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Amphenol by 157.2% during the third quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker’s stock valued at $125,899,000 after purchasing an additional 1,180,944 shares during the period. 97.01% of the stock is owned by institutional investors.

Amphenol Trading Up 3.3 %

NYSE:APH opened at $71.69 on Friday. The firm’s 50 day moving average is $71.99 and its 200 day moving average is $67.97. Amphenol Co. has a 12 month low of $50.48 and a 12 month high of $79.39. The stock has a market capitalization of $86.43 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. The company has a current ratio of 2.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating 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 firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. Sell-side analysts expect that Amphenol Co. will post 2.17 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.92%. Amphenol’s dividend payout ratio (DPR) is currently 34.46%.

Analysts Set New Price Targets

APH has been the subject of several research reports. Evercore ISI raised their target price on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. The Goldman Sachs Group boosted their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird raised their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Truist Financial boosted their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Citigroup raised their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

Insider Activity at Amphenol

In related news, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 300,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total value of $21,468,000.00. Following the completion of the sale, the chief financial officer now directly owns 318,116 shares in the company, valued at approximately $22,764,380.96. The trade was a 48.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 612,000 shares of company stock worth $44,177,640. 1.80% of the stock is owned by corporate insiders.

Amphenol 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.