PFG Advisors Sells 2,314 Shares of Amphenol Co. (NYSE:APH)

PFG Advisors cut its stake in shares of Amphenol Co. (NYSE:APH) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,110 shares of the electronics maker’s stock after selling 2,314 shares during the period. PFG Advisors’ holdings in Amphenol were worth $2,679,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in APH. Fisher Asset Management LLC acquired a new stake in shares of Amphenol during the fourth quarter worth $789,000. Quadrature Capital Ltd bought a new position in Amphenol during the fourth quarter worth about $1,399,000. HighPoint Advisor Group LLC bought a new position in Amphenol during the fourth quarter worth about $753,000. CWM LLC lifted its holdings in Amphenol by 57.7% during the first quarter. CWM LLC now owns 23,513 shares of the electronics maker’s stock worth $2,712,000 after acquiring an additional 8,602 shares in the last quarter. Finally, Rise Advisors LLC bought a new position in Amphenol during the first quarter worth about $54,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amphenol news, insider Luc Walter sold 106,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the transaction, the insider now owns 447,790 shares of the company’s stock, valued at $28,743,640.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amphenol news, insider Luc Walter sold 106,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the transaction, the insider now owns 447,790 shares of the company’s stock, valued at $28,743,640.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.65, for a total value of $5,818,500.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares in the company, valued at $3,323,010. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,516,000 shares of company stock valued at $98,236,640 over the last 90 days. 1.80% of the stock is currently owned by insiders.

Amphenol Stock Performance

APH opened at $66.99 on Thursday. Amphenol Co. has a 52-week low of $39.34 and a 52-week high of $70.84. The firm has a market capitalization of $80.47 billion, a PE ratio of 41.10, a PEG ratio of 2.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. The business’s 50-day simple moving average is $64.56 and its 200 day simple moving average is $64.12.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. Amphenol’s revenue was up 18.2% on a year-over-year basis. As a group, sell-side analysts expect that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Tuesday, September 17th. Amphenol’s dividend payout ratio (DPR) is presently 40.49%.

Analyst Upgrades and Downgrades

APH has been the topic of several recent analyst reports. Vertical Research initiated coverage on Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price on the stock. UBS Group lifted their target price on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Bank of America reduced their target price on Amphenol from $71.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Truist Financial lifted their target price on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Robert W. Baird cut their price target on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Five investment 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.50.

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.