Amphenol Co. (NYSE:APH) Stake Reduced by Logan Capital Management Inc.

Logan Capital Management Inc. reduced its position in Amphenol Co. (NYSE:APH) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 568,710 shares of the electronics maker’s stock after selling 8,320 shares during the quarter. Amphenol accounts for approximately 1.5% of Logan Capital Management Inc.’s investment portfolio, making the stock its 10th largest holding. Logan Capital Management Inc.’s holdings in Amphenol were worth $37,057,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APH. State Street Corp lifted its holdings in shares of Amphenol by 3.0% during 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 period. Bank of New York Mellon Corp raised its holdings in shares of Amphenol by 92.0% during the second quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock worth $2,468,301,000 after purchasing an additional 17,552,921 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Amphenol by 2.3% in the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock valued at $1,601,540,000 after purchasing an additional 564,991 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Amphenol by 69.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock worth $1,564,711,000 after purchasing an additional 9,487,387 shares during the period. Finally, Mawer Investment Management Ltd. raised its stake in shares of Amphenol by 88.9% during the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock valued at $1,041,204,000 after buying an additional 7,275,279 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the transaction, the chief financial officer now directly owns 218,116 shares in the company, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by corporate insiders.

Amphenol Stock Up 1.1 %

NYSE:APH traded up $0.81 on Friday, reaching $74.41. The stock had a trading volume of 230,374 shares, compared to its average volume of 6,533,198. Amphenol Co. has a 12-month low of $46.94 and a 12-month high of $74.93. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The stock has a market cap of $89.71 billion, a P/E ratio of 42.30, a price-to-earnings-growth ratio of 2.44 and a beta of 1.24. The company has a 50-day moving average of $70.15 and a 200 day moving average of $67.12.

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

Amphenol Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently commented on APH. Truist Financial increased their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. TD Cowen raised their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Evercore ISI upped their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Robert W. Baird boosted their target price on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Bank of America lifted their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Five 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. According to data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

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.