Amphenol Co. (NYSE:APH) Shares Sold by DNB Asset Management AS

DNB Asset Management AS trimmed its stake in shares of Amphenol Co. (NYSE:APH – Get Rating) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 904,409 shares of the electronics maker’s stock after selling 77,320 shares during the quarter. DNB Asset Management AS owned 0.15% of Amphenol worth $68,862,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Amphenol by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 70,304,373 shares of the electronics maker’s stock worth $4,707,581,000 after buying an additional 499,230 shares during the last quarter. FMR LLC lifted its holdings in Amphenol by 2.7% during the 2nd quarter. FMR LLC now owns 51,614,854 shares of the electronics maker’s stock worth $3,322,965,000 after buying an additional 1,341,887 shares during the last quarter. BlackRock Inc. lifted its holdings in Amphenol by 0.3% during the 3rd quarter. BlackRock Inc. now owns 44,719,942 shares of the electronics maker’s stock worth $2,994,449,000 after buying an additional 118,811 shares during the last quarter. State Street Corp lifted its holdings in Amphenol by 0.8% during the 3rd quarter. State Street Corp now owns 24,391,774 shares of the electronics maker’s stock worth $1,638,180,000 after buying an additional 185,162 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Amphenol by 2.1% during the 3rd quarter. Alliancebernstein L.P. now owns 17,540,592 shares of the electronics maker’s stock worth $1,174,518,000 after buying an additional 354,763 shares during the last quarter. 94.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Richard Adam Norwitt sold 650,000 shares of the company’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $81.72, for a total value of $53,118,000.00. Following the sale, the chief executive officer now owns 967,424 shares in the company, valued at approximately $79,057,889.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Richard Adam Norwitt sold 650,000 shares of the company’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $81.72, for a total value of $53,118,000.00. Following the sale, the chief executive officer now owns 967,424 shares in the company, valued at approximately $79,057,889.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jean-Luc Gavelle sold 129,800 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $81.64, for a total value of $10,596,872.00. The disclosure for this sale can be found here. Insiders have sold a total of 804,800 shares of company stock worth $65,769,622 in the last quarter. Company insiders own 2.10% of the company’s stock.

Amphenol Stock Performance

NYSE APH traded down $0.93 on Friday, hitting $76.79. 4,728,367 shares of the company’s stock were exchanged, compared to its average volume of 2,200,099. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.42 and a quick ratio of 1.64. The firm’s 50-day moving average price is $79.18 and its two-hundred day moving average price is $76.39. Amphenol Co. has a fifty-two week low of $61.67 and a fifty-two week high of $82.86. The firm has a market cap of $45.66 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 2.95 and a beta of 1.24.

Amphenol (NYSE:APH – Get Rating) last released its earnings results on Wednesday, January 25th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. Amphenol had a return on equity of 27.93% and a net margin of 15.07%. The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the previous year, the firm posted $0.70 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts expect that Amphenol Co. will post 2.96 EPS for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 12th. Investors of record on Tuesday, March 21st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Monday, March 20th. Amphenol’s dividend payout ratio is currently 27.45%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Jefferies Financial Group downgraded Amphenol from a “buy” rating to a “hold” rating and boosted their target price for the company from $87.00 to $88.00 in a report on Tuesday, November 22nd. They noted that the move was a valuation call. Robert W. Baird reduced their target price on Amphenol from $93.00 to $91.00 in a report on Thursday, January 26th. Truist Financial boosted their price target on Amphenol from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 23rd. StockNews.com upgraded Amphenol from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Credit Suisse Group assumed coverage on Amphenol in a research report on Monday, December 12th. They issued an “outperform” rating and a $93.00 price target on the stock. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and a consensus price target of $86.36.

Amphenol Company Profile

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Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. Its products include connectors, cable assemblies, sensors, antenna solutions, power distribution, cable, printed circuits, and accessories for connectors and cable.