Blair William & Co. Reduces Stake in Amphenol Co. Shares

Blair William & Co. IL has slightly reduced its investment in Amphenol Co. (NYSE: APH) by 0.7% during the fourth quarter, as detailed in its latest 13F filing with the Securities and Exchange Commission. After selling 22,496 shares, the firm now holds a total of 3,070,194 shares, which represents approximately 0.25% of Amphenol's ownership. The value of this stake at the end of the recent reporting period is estimated at $213,225,000.

In addition to Blair William & Co., several other large investors have also adjusted their holdings in Amphenol. Notably, Princeton Global Asset Management LLC has increased its position by 0.6% during the fourth quarter, now owning 23,532 shares valued at $1,634,000 after buying an additional 136 shares.

WASHINGTON TRUST Co. saw a substantial increase, growing its stake by 23.0% in the same quarter and now possesses 787 shares worth $55,000 after acquiring 147 extra shares. Other institutional investors like Brown Brothers Harriman & Co. and Fragasso Financial Advisors Inc. have also made increases, demonstrating ongoing interest in Amphenol's stock. Hedge funds and institutional investors collectively own approximately 97.01% of Amphenol's shares.

Recent Analyst Ratings for Amphenol

A variety of research firms have commented positively on Amphenol's performance. For example, JPMorgan Chase & Co. raised their price target for the stock from $85.00 to $90.00 while maintaining an "overweight" rating. Likewise, Truist Financial increased their price target from $90.00 to $102.00, reaffirming their "buy" rating. Bank of America set a new price objective of $85.00, switching from a previous neutral rating.

While several ratings have been uplifting, other ratings remain cautious, with five analysts recommending a hold, seven advising a buy, and one giving a strong buy rating. Overall, MarketBeat reports a consensus rating of "Moderate Buy" with an average target price of $80.68.

Amphenol Stock Performance Overview

The stock of Amphenol is currently trading at approximately $67.54, with the company experiencing a 52-week price range between a low of $54.72 and a high of $79.39. Their market capitalization stands at about $81.84 billion, with a price-to-earnings ratio of 35.27, reflecting a price-to-earnings-growth ratio of 1.92.

Recently, Amphenol released its earnings results for the quarter ending January 22nd, reporting earnings per share (EPS) of $0.55, surpassing analysts' expectations of $0.50. The company's revenue for this period reached $4.32 billion, higher than the anticipated $4.05 billion. This performance represents a significant year-over-year revenue increase of 29.8% compared to the same quarter last year.

Upcoming Dividend Announcement

Moreover, Amphenol has announced a quarterly dividend scheduled to be paid on April 9th. Shareholders who hold stocks by March 18th will receive a dividend of $0.165 per share. This translates to an annualized dividend of $0.66 and a yield of 0.98%, with a payout ratio currently at 34.55%.

About Amphenol Corporation

Amphenol Corporation engages primarily in the design, manufacturing, and marketing of electrical, electronic, and fiber optic connectors across the globe. The company operates under three primary segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.

Conclusion

As major shifts occur in the holdings of institutional investors like Blair William & Co. and other financial entities, the performance outlook for Amphenol remains closely monitored by analysts and investors alike. With positive earnings reports and supportive analyst coverage, Amphenol Corp continues to be a key player in the electronics manufacturing sector.

Amphenol, Investors, Shares