Hixon Zuercher LLC Sells 9,230 Shares of Amphenol Co. (NYSE:APH)

Hixon Zuercher LLC trimmed its position in shares of Amphenol Co. (NYSE:APH) by 28.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,654 shares of the electronics maker’s stock after selling 9,230 shares during the quarter. Hixon Zuercher LLC’s holdings in Amphenol were worth $1,541,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Norden Group LLC grew its holdings in Amphenol by 69.4% in the first quarter. Norden Group LLC now owns 3,562 shares of the electronics maker’s stock worth $411,000 after purchasing an additional 1,459 shares during the last quarter. Nordea Investment Management AB grew its stake in Amphenol by 1.1% during the 1st quarter. Nordea Investment Management AB now owns 42,758 shares of the electronics maker’s stock worth $4,954,000 after buying an additional 484 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in Amphenol during the 1st quarter valued at about $4,579,000. Signaturefd LLC raised its stake in Amphenol by 4.3% in the first quarter. Signaturefd LLC now owns 15,928 shares of the electronics maker’s stock valued at $1,837,000 after buying an additional 654 shares during the last quarter. Finally, Texas Permanent School Fund Corp boosted its holdings in Amphenol by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 124,005 shares of the electronics maker’s stock worth $14,304,000 after acquiring an additional 463 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on APH shares. Vertical Research began coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Bank of America raised their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Robert W. Baird boosted their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Truist Financial raised their target price on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, UBS Group boosted their price target on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.63.

Insider Buying and Selling

In other Amphenol news, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total value of $12,391,200.00. Following the sale, the vice president now directly owns 14,000 shares of the company’s stock, valued at approximately $963,760. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amphenol news, VP David M. Silverman sold 180,000 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the transaction, the vice president now directly owns 14,000 shares of the company’s stock, valued at $963,760. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,373,382. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,630,672 shares of company stock valued at $110,992,440. 1.80% of the stock is owned by company insiders.

Amphenol Trading Up 2.2 %

Amphenol stock opened at $69.71 on Wednesday. The firm has a market cap of $84.04 billion, a PE ratio of 40.06, a P/E/G ratio of 2.25 and a beta of 1.23. Amphenol Co. has a 12 month low of $41.96 and a 12 month high of $71.20. The stock’s 50 day simple moving average is $65.32 and its two-hundred day simple moving average is $65.29. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the firm posted $0.39 earnings per share. The firm’s quarterly revenue was up 26.3% compared to the same quarter last year. Analysts anticipate that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. Amphenol’s dividend payout ratio is presently 37.93%.

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.