Amphenol Co. (NYSE:APH) Shares Sold by Asio Capital LLC

Asio Capital LLC cut its stake in Amphenol Co. (NYSE:APH) by 0.9% in the fourth quarter, Holdings Channel reports. The firm owned 39,951 shares of the electronics maker’s stock after selling 357 shares during the period. Asio Capital LLC’s holdings in Amphenol were worth $2,775,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. State Street Corp raised its stake in shares of Amphenol by 3.0% in the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after purchasing an additional 1,537,880 shares during the last quarter. Geode Capital Management LLC increased its holdings in Amphenol by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock worth $1,601,540,000 after buying an additional 564,991 shares during the period. Legal & General Group Plc raised its position in Amphenol by 116.6% during the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock worth $662,458,000 after buying an additional 5,293,292 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Amphenol by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker’s stock worth $427,363,000 after acquiring an additional 63,180 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Amphenol by 25.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock worth $347,297,000 after purchasing an additional 1,073,480 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on APH shares. Robert W. Baird increased their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday. The Goldman Sachs Group lifted their price target on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday. Truist Financial upped their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Bank of America increased their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Stock Down 1.9 %

APH opened at $77.10 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a twelve month low of $49.38 and a twelve month high of $79.39. The company has a market cap of $92.95 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. The company has a 50-day moving average price of $72.12 and a 200 day moving average price of $68.00.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4,051,810 billion. During the same period in the prior year, the company earned $0.82 EPS. The firm’s revenue was up 29.8% compared to the same quarter last year. Sell-side analysts expect that Amphenol Co. will post 2.17 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.86%. Amphenol’s dividend payout ratio (DPR) is presently 34.55%.

Insider Activity at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total value of $61,975,240.32. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the sale, the vice president now owns 14,000 shares of the company’s stock, valued at approximately $963,760. The trade was a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by insiders.

Amphenol Company 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.