New York State Teachers Retirement System Sells 57,151 Shares of Amphenol Co. (NYSE:APH)

New York State Teachers Retirement System lessened its stake in shares of Amphenol Co. (NYSE:APH) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 922,693 shares of the electronics maker’s stock after selling 57,151 shares during the quarter. New York State Teachers Retirement System’s holdings in Amphenol were worth $64,081,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Trifecta Capital Advisors LLC boosted its holdings in shares of Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 338 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of 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 acquiring an additional 166 shares during the last quarter. Continuum Advisory LLC boosted its holdings in shares of 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 acquiring an additional 234 shares during the last quarter. Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol during the 4th quarter valued at about $32,000. Finally, Endeavor Private Wealth Inc. purchased a new stake in shares of Amphenol during the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on APH shares. Bank of America boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Robert W. Baird boosted their target price 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. Evercore ISI boosted their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report 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 company a “buy” rating in a research report on Thursday, January 23rd. Finally, TD Cowen boosted their target price on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Price Performance

APH stock opened at $68.88 on Friday. Amphenol Co. has a one year low of $52.06 and a one year high of $79.39. The company’s fifty day moving average price is $71.29 and its 200-day moving average price is $68.31. 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 company has a market capitalization of $83.42 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23.

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

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

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.