Amphenol Co. (NYSE:APH) Shares Sold by Bamco Inc. NY

Bamco Inc. NY lowered its holdings in shares of Amphenol Co. (NYSE:APH) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,853,278 shares of the electronics maker’s stock after selling 11,290 shares during the period. Bamco Inc. NY owned 0.15% of Amphenol worth $120,760,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Erste Asset Management GmbH acquired a new stake in shares of Amphenol during the third quarter worth about $3,664,000. Edgestream Partners L.P. acquired a new stake in Amphenol during the 3rd quarter worth approximately $1,094,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Amphenol in the 3rd quarter valued at approximately $5,933,000. PDT Partners LLC acquired a new position in shares of Amphenol in the third quarter valued at approximately $938,000. Finally, Captrust Financial Advisors raised its stake in shares of Amphenol by 3.3% during the third quarter. Captrust Financial Advisors now owns 53,077 shares of the electronics maker’s stock worth $3,458,000 after purchasing an additional 1,705 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amphenol

In other news, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total value of $12,925,800.00. Following the completion of the transaction, the vice president now owns 14,000 shares of the company’s stock, valued at $1,005,340. The trade was a 92.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on APH. Evercore ISI boosted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Truist Financial increased their price target on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Bank of America lifted their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Robert W. Baird raised their price target on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, TD Cowen upped their price objective on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Stock Down 0.1 %

APH opened at $72.65 on Monday. Amphenol Co. has a one year low of $45.01 and a one year high of $74.93. The company has a market cap of $87.59 billion, a price-to-earnings ratio of 41.75, a PEG ratio of 2.42 and a beta of 1.23. The business’s fifty day moving average is $68.51 and its two-hundred day moving average is $66.71. 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 (NYSE:APH) last issued its quarterly earnings data 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 firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 EPS. Analysts anticipate that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

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

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.