Hantz Financial Services Inc. Trims Holdings in Amphenol Co. (NYSE:APH)

Hantz Financial Services Inc. cut its stake in Amphenol Co. (NYSE:APH) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,724 shares of the electronics maker’s stock after selling 9,056 shares during the period. Hantz Financial Services Inc.’s holdings in Amphenol were worth $8,257,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in APH. Cetera Investment Advisers grew its stake in Amphenol by 127.3% in the first quarter. Cetera Investment Advisers now owns 95,965 shares of the electronics maker’s stock worth $11,070,000 after purchasing an additional 53,740 shares in the last quarter. Cetera Advisors LLC increased its holdings in shares of Amphenol by 511.9% in the 1st quarter. Cetera Advisors LLC now owns 25,677 shares of the electronics maker’s stock valued at $2,962,000 after acquiring an additional 21,481 shares during the last quarter. HM Payson & Co. raised its position in shares of Amphenol by 6.7% during the 1st quarter. HM Payson & Co. now owns 4,869 shares of the electronics maker’s stock valued at $562,000 after acquiring an additional 307 shares in the last quarter. Appleton Partners Inc. MA lifted its stake in Amphenol by 99.0% during the second quarter. Appleton Partners Inc. MA now owns 13,501 shares of the electronics maker’s stock worth $910,000 after purchasing an additional 6,717 shares during the last quarter. Finally, Park Place Capital Corp increased its stake in Amphenol by 68.5% during the second quarter. Park Place Capital Corp now owns 3,264 shares of the electronics maker’s stock valued at $220,000 after purchasing an additional 1,327 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Performance

Shares of NYSE APH opened at $72.69 on Friday. The business’s 50-day simple moving average is $68.51 and its 200-day simple moving average is $66.68. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol Co. has a 52 week low of $45.01 and a 52 week high of $74.93. The firm has a market cap of $87.64 billion, a price-to-earnings ratio of 41.78, a P/E/G ratio of 2.42 and a beta of 1.23.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 earnings per share. As a group, equities research analysts expect that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.91%. Amphenol’s payout ratio is presently 37.93%.

Insider Activity at Amphenol

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 value of $12,391,200.00. Following the completion of the sale, the vice president now directly owns 14,000 shares of the company’s stock, valued at $963,760. This represents a 92.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Adam Norwitt sold 900,672 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $133,136,890.88. This represents a 31.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock worth $128,858,080 in the last 90 days. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. TD Cowen boosted 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. Evercore ISI increased their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Truist Financial boosted their price target on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Robert W. Baird lifted their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Bank of America upped their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Five equities research 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

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.