Amphenol Co. (NYSE:APH) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC reduced its position in Amphenol Co. (NYSE:APH) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 719,974 shares of the electronics maker’s stock after selling 22,372 shares during the quarter. Geneva Capital Management LLC owned approximately 0.06% of Amphenol worth $46,914,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Aptus Capital Advisors LLC increased its position in shares of Amphenol by 2.3% during the third quarter. Aptus Capital Advisors LLC now owns 9,566 shares of the electronics maker’s stock worth $623,000 after acquiring an additional 218 shares during the period. Cumberland Partners Ltd increased its holdings in Amphenol by 1,423.7% during the 3rd quarter. Cumberland Partners Ltd now owns 69,330 shares of the electronics maker’s stock worth $4,518,000 after purchasing an additional 64,780 shares during the period. Aigen Investment Management LP increased its holdings in Amphenol by 22.2% during the 3rd quarter. Aigen Investment Management LP now owns 36,100 shares of the electronics maker’s stock worth $2,352,000 after purchasing an additional 6,554 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in shares of Amphenol by 4.6% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker’s stock valued at $294,000 after buying an additional 199 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Amphenol by 25.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock worth $347,297,000 after buying an additional 1,073,480 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on APH shares. TD Cowen raised their target price on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Vertical Research initiated coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective for the company. Truist Financial increased their target price on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Robert W. Baird upped their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Bank of America raised their target price on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Trading Down 1.9 %

NYSE APH opened at $71.98 on Wednesday. The firm’s fifty day moving average is $65.83 and its two-hundred day moving average is $65.73. Amphenol Co. has a one year low of $43.05 and a one year high of $74.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The firm has a market cap of $86.78 billion, a PE ratio of 41.37, a P/E/G ratio of 2.45 and a beta of 1.23.

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

Amphenol Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.92%. Amphenol’s dividend payout ratio is currently 37.93%.

Insiders Place Their Bets

In other news, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at $133,136,890.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,242,672 shares of company stock worth $155,170,080. 1.80% of the stock is owned by insiders.

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.