Amphenol Co. (NYSE:APH) Shares Sold by Pitcairn Co.

Pitcairn Co. lessened its holdings in shares of Amphenol Co. (NYSE:APH) by 10.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 25,861 shares of the electronics maker’s stock after selling 2,959 shares during the quarter. Pitcairn Co.’s holdings in Amphenol were worth $1,685,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of APH. CreativeOne Wealth LLC bought a new position in Amphenol in the 1st quarter valued at about $281,000. Canada Pension Plan Investment Board boosted its holdings in shares of Amphenol by 996.7% in the first quarter. Canada Pension Plan Investment Board now owns 219,456 shares of the electronics maker’s stock valued at $25,314,000 after acquiring an additional 199,446 shares in the last quarter. Waterford Advisors LLC acquired a new position in shares of Amphenol during the first quarter valued at approximately $631,000. Janus Henderson Group PLC raised its holdings in Amphenol by 0.4% during the first quarter. Janus Henderson Group PLC now owns 817,170 shares of the electronics maker’s stock worth $94,259,000 after purchasing an additional 3,090 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. lifted its position in Amphenol by 2.9% in the first quarter. Industrial Alliance Investment Management Inc. now owns 5,330 shares of the electronics maker’s stock worth $615,000 after purchasing an additional 150 shares during the period. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

APH has been the topic of several research analyst reports. TD Cowen lifted their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Robert W. Baird boosted their price target on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Truist Financial raised their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Bank of America boosted their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, Evercore ISI increased their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target of $69.63.

Insider Transactions at Amphenol

In related news, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction 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 represents a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by insiders.

Amphenol Stock Performance

Shares of Amphenol stock opened at $74.29 on Friday. The stock has a market cap of $89.56 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 2.44 and a beta of 1.23. Amphenol Co. has a 12 month low of $44.81 and a 12 month high of $74.70. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $67.65 and a 200-day simple moving average of $66.38.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 EPS. On average, sell-side analysts anticipate that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 37.93%.

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.