Amphenol Co. (NYSE:APH) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lowered its stake in shares of Amphenol Co. (NYSE:APH) by 15.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,001,681 shares of the electronics maker’s stock after selling 2,453,325 shares during the quarter. Amphenol comprises about 3.9% of Mawer Investment Management Ltd.’s holdings, making the stock its 7th largest position. Mawer Investment Management Ltd.’s holdings in Amphenol were worth $847,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. TIAA Trust National Association boosted its stake in shares of Amphenol by 4.7% during the 1st quarter. TIAA Trust National Association now owns 2,718 shares of the electronics maker’s stock valued at $314,000 after buying an additional 122 shares during the last quarter. Covestor Ltd grew its holdings in Amphenol by 87.6% during the first quarter. Covestor Ltd now owns 559 shares of the electronics maker’s stock worth $65,000 after acquiring an additional 261 shares during the period. PAX Financial Group LLC acquired a new position in shares of Amphenol in the 1st quarter valued at $651,000. O Shaughnessy Asset Management LLC boosted its position in shares of Amphenol by 21.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 40,744 shares of the electronics maker’s stock valued at $4,700,000 after purchasing an additional 7,330 shares during the period. Finally, Seven Eight Capital LP acquired a new stake in Amphenol during the 1st quarter worth about $955,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Activity

In related news, insider Peter Straub sold 132,000 shares of the company’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 Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction 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. The trade was a 31.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock valued at $128,858,080 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

APH has been the topic of a number of recent analyst reports. Vertical Research started coverage on Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. TD Cowen boosted their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Truist Financial boosted their price objective on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Robert W. Baird increased their target price on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Evercore ISI raised their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Five investment 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.63.

Amphenol Trading Down 0.7 %

NYSE APH opened at $70.00 on Monday. Amphenol Co. has a 1-year low of $44.51 and a 1-year high of $74.70. The firm has a market cap of $84.39 billion, a PE ratio of 40.53, a price-to-earnings-growth ratio of 2.34 and a beta of 1.23. 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 50-day moving average of $66.68 and a 200-day moving average of $66.05.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates 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%. Amphenol’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. As a group, sell-side analysts forecast that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.94%. Amphenol’s dividend payout ratio is currently 37.93%.

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.