Amphenol Co. (NYSE:APH) is James Hambro & Partners LLP’s 9th Largest Position

James Hambro & Partners LLP reduced its stake in shares of Amphenol Co. (NYSE:APH) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,981,604 shares of the electronics maker’s stock after selling 40,792 shares during the period. Amphenol makes up about 5.4% of James Hambro & Partners LLP’s holdings, making the stock its 9th largest position. James Hambro & Partners LLP’s holdings in Amphenol were worth $129,092,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fisher Asset Management LLC purchased a new position in Amphenol in the fourth quarter valued at about $789,000. Strong Tower Advisory Services grew its position in shares of Amphenol by 2.7% in the first quarter. Strong Tower Advisory Services now owns 5,112 shares of the electronics maker’s stock valued at $583,000 after purchasing an additional 136 shares during the last quarter. Riverview Trust Co acquired a new position in shares of Amphenol in the first quarter worth $140,000. Revolve Wealth Partners LLC purchased a new stake in shares of Amphenol in the first quarter valued at $208,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Amphenol by 15.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 54,073 shares of the electronics maker’s stock valued at $6,237,000 after purchasing an additional 7,054 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on APH. Truist Financial raised their target price on shares of Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. UBS Group upped their target price on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Vertical Research initiated coverage on Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target on the stock. Robert W. Baird cut their price objective on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Bank of America lowered their target price on shares of Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. 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 company’s stock. Based on data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $66.50.

Amphenol Stock Down 0.4 %

Shares of NYSE:APH traded down $0.30 during midday trading on Monday, hitting $67.16. 1,705,647 shares of the company’s stock traded hands, compared to its average volume of 6,544,701. The firm’s fifty day moving average price is $64.76 and its two-hundred day moving average price is $64.32. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. Amphenol Co. has a twelve month low of $39.34 and a twelve month high of $70.84. The company has a market cap of $80.67 billion, a PE ratio of 41.39, a P/E/G ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. On average, equities research analysts anticipate that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th were paid a $0.165 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.98%. Amphenol’s dividend payout ratio (DPR) is presently 40.49%.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider William J. Doherty sold 300,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Richard Adam Norwitt sold 750,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.54, for a total value of $48,405,000.00. Following the sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,516,000 shares of company stock valued at $98,236,640 in the last quarter. Company insiders own 1.80% of the company’s stock.

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.