Marshall Financial Group LLC Sells 286 Shares of Amphenol Co. (NYSE:APH)

Marshall Financial Group LLC cut its position in Amphenol Co. (NYSE:APH) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,542 shares of the electronics maker’s stock after selling 286 shares during the period. Marshall Financial Group LLC’s holdings in Amphenol were worth $1,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APH. AlphaMark Advisors LLC increased its stake in Amphenol by 0.5% during the 4th quarter. AlphaMark Advisors LLC now owns 34,209 shares of the electronics maker’s stock valued at $2,376,000 after purchasing an additional 180 shares in the last quarter. Flagship Harbor Advisors LLC increased its position in shares of Amphenol by 159.7% during the fourth quarter. Flagship Harbor Advisors LLC now owns 9,117 shares of the electronics maker’s stock worth $633,000 after acquiring an additional 5,606 shares in the last quarter. Gradient Investments LLC acquired a new stake in shares of Amphenol in the 4th quarter worth about $17,587,000. Benin Management CORP lifted its position in Amphenol by 33.8% in the 4th quarter. Benin Management CORP now owns 19,416 shares of the electronics maker’s stock valued at $1,348,000 after acquiring an additional 4,910 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Amphenol during the 4th quarter valued at about $76,000. 97.01% of the stock is owned by institutional investors.

Insider Transactions at Amphenol

In related news, insider Peter Straub sold 132,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the transaction, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at $14,997,656.16. The trade was a 40.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock worth $128,858,080 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Amphenol Trading Down 1.9 %

Shares of APH stock opened at $77.10 on Friday. Amphenol Co. has a 12-month low of $49.38 and a 12-month high of $79.39. The company has a quick ratio of 1.33, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $72.12 and a 200-day moving average of $68.00. The firm has a market cap of $92.95 billion, a P/E ratio of 40.26, a PEG ratio of 2.12 and a beta of 1.24.

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

Amphenol Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Robert W. Baird lifted their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday. TD Cowen lifted their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. The Goldman Sachs Group increased their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Truist Financial increased their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday. Five investment 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

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.