Jacobson & Schmitt Advisors LLC Reduces Holdings in Amphenol Co. (NYSE:APH)

Jacobson & Schmitt Advisors LLC trimmed its holdings in Amphenol Co. (NYSE:APH) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 260,682 shares of the electronics maker’s stock after selling 17,261 shares during the period. Amphenol comprises about 3.5% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 4th largest position. Jacobson & Schmitt Advisors LLC’s holdings in Amphenol were worth $18,104,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Princeton Global Asset Management LLC increased its stake in shares of Amphenol by 0.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock worth $1,634,000 after purchasing an additional 136 shares in the last quarter. WASHINGTON TRUST Co increased its stake in shares of Amphenol by 23.0% in the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock worth $55,000 after purchasing an additional 147 shares in the last quarter. Fortitude Family Office LLC increased its stake in shares of Amphenol by 13.9% in the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock worth $84,000 after purchasing an additional 158 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares in the last quarter. Finally, Fragasso Financial Advisors Inc increased its stake in shares of Amphenol by 4.7% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock worth $266,000 after purchasing an additional 171 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

APH has been the subject of several recent research reports. Robert W. Baird lifted their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. TD Cowen raised their price objective 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. The Goldman Sachs Group raised their price objective 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. Evercore ISI raised their price objective 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. Finally, Truist Financial raised their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Trading Up 0.9 %

Shares of Amphenol stock opened at $69.67 on Thursday. Amphenol Co. has a 1 year low of $52.06 and a 1 year high of $79.39. The firm has a market cap of $84.37 billion, a PE ratio of 36.38, a PEG ratio of 1.96 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The company has a 50 day simple moving average of $70.94 and a two-hundred day simple moving average of $68.55.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the business posted $0.82 earnings per share. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. Analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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 paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

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.