Bfsg LLC Reduces Holdings in Amphenol Co. (NYSE:APH)

Bfsg LLC cut its position in Amphenol Co. (NYSE:APH) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,883 shares of the electronics maker’s stock after selling 5,913 shares during the quarter. Bfsg LLC’s holdings in Amphenol were worth $6,378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Sumitomo Life Insurance Co. purchased a new position in Amphenol in the 3rd quarter valued at about $2,033,000. Petredis Investment Advisors LLC lifted its stake in shares of Amphenol by 0.5% in the third quarter. Petredis Investment Advisors LLC now owns 89,838 shares of the electronics maker’s stock worth $5,854,000 after acquiring an additional 454 shares in the last quarter. Cabot Wealth Management Inc. boosted its holdings in Amphenol by 2.2% in the third quarter. Cabot Wealth Management Inc. now owns 124,111 shares of the electronics maker’s stock valued at $8,087,000 after purchasing an additional 2,631 shares during the last quarter. SWS Partners acquired a new stake in Amphenol during the 3rd quarter valued at approximately $1,765,000. Finally, Swedbank AB increased its holdings in Amphenol by 38.5% during the 3rd quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock worth $234,592,000 after purchasing an additional 1,000,000 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on APH shares. Vertical Research initiated coverage on Amphenol in a research note on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price for the company. UBS Group increased their price objective on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Robert W. Baird decreased their price objective on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Bank of America cut their target price on shares of Amphenol from $71.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Truist Financial lifted their price target on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and an average target price of $66.50.

Insider Activity at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the firm’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 sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,323,010. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,323,010. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 750,000 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.54, for a total value of $48,405,000.00. Following the transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $124,875,089.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,516,000 shares of company stock worth $98,236,640 in the last ninety days. 1.80% of the stock is owned by insiders.

Amphenol Stock Performance

Shares of APH stock opened at $66.99 on Thursday. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average of $64.56 and a two-hundred day moving average of $64.12. The company has a market cap of $80.47 billion, a P/E ratio of 41.10, a PEG ratio of 2.56 and a beta of 1.24. Amphenol Co. has a 52 week low of $39.34 and a 52 week high of $70.84.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, analysts anticipate that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 0.99%. Amphenol’s dividend payout ratio is presently 40.49%.

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.