Amphenol Co. (NYSE:APH) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in Amphenol Co. (NYSE:APH) by 0.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 195,080 shares of the electronics maker’s stock after selling 779 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Amphenol were worth $12,711,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Turtle Creek Wealth Advisors LLC raised its stake in shares of Amphenol by 0.9% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 89,666 shares of the electronics maker’s stock valued at $5,843,000 after purchasing an additional 816 shares during the period. KPP Advisory Services LLC increased its stake in Amphenol by 10.0% during the 3rd quarter. KPP Advisory Services LLC now owns 8,235 shares of the electronics maker’s stock worth $537,000 after buying an additional 749 shares during the period. Natixis Advisors LLC boosted its position in Amphenol by 7.6% in the 3rd quarter. Natixis Advisors LLC now owns 2,519,728 shares of the electronics maker’s stock valued at $164,185,000 after buying an additional 177,564 shares during the last quarter. First Long Island Investors LLC acquired a new stake in shares of Amphenol during the third quarter valued at about $387,000. Finally, Empirical Finance LLC increased its position in shares of Amphenol by 2.1% during the third quarter. Empirical Finance LLC now owns 41,007 shares of the electronics maker’s stock worth $2,672,000 after acquiring an additional 854 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on APH. TD Cowen increased their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Evercore ISI raised their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Vertical Research began coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target on the stock. Truist Financial raised their price objective on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Bank of America upped their target price on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.63.

Insider Transactions at Amphenol

In other news, insider Peter Straub sold 132,000 shares of the business’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now owns 14,000 shares in the company, valued at approximately $963,760. This represents a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,842,672 shares of company stock worth $128,858,080. Insiders own 1.80% of the company’s stock.

Amphenol Price Performance

APH opened at $70.52 on Monday. 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 company’s 50-day moving average price is $66.68 and its 200 day moving average price is $66.05. Amphenol Co. has a fifty-two week low of $44.44 and a fifty-two week high of $74.70. The firm has a market cap of $85.02 billion, a price-to-earnings ratio of 40.53, a price-to-earnings-growth ratio of 2.34 and a beta of 1.23.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The business 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 quarterly revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. As a group, sell-side analysts expect that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Tuesday, December 17th. Amphenol’s payout ratio is 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.