Petredis Investment Advisors LLC Reduces Stake in Amphenol Co. (NYSE:APH)

Petredis Investment Advisors LLC cut its stake in shares of Amphenol Co. (NYSE:APH) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,811 shares of the electronics maker’s stock after selling 1,027 shares during the period. Petredis Investment Advisors LLC’s holdings in Amphenol were worth $6,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of APH. Trifecta Capital Advisors LLC raised its stake in shares of Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 338 shares during the period. Core Alternative Capital raised its position in Amphenol by 100.0% in the 2nd quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 231 shares during the period. Continuum Advisory LLC raised its holdings in shares of Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after buying an additional 234 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in Amphenol by 100.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock valued at $44,000 after acquiring an additional 324 shares during the period. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Down 1.9 %

Shares of Amphenol stock opened at $77.10 on Friday. Amphenol Co. has a 52-week low of $49.38 and a 52-week high of $79.39. The firm’s 50 day moving average price is $71.98 and its 200-day moving average price is $67.93. 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 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 quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4,051,810 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The business’s quarterly revenue was up 29.8% on a year-over-year basis. On average, sell-side analysts predict that Amphenol Co. will post 2.17 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.86%. Amphenol’s dividend payout ratio (DPR) is currently 34.46%.

Insider Activity at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction dated 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 owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. The trade was a 31.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David M. Silverman sold 180,000 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the completion of the transaction, the vice president now directly owns 14,000 shares in the company, valued at $963,760. This represents a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock valued at $128,858,080 in the last three months. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

APH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday. Bank of America boosted their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday. Evercore ISI lifted their target price on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, Truist Financial lifted their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.92.

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.