Amphenol Co. (NYSE:APH) Shares Sold by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. trimmed its position in Amphenol Co. (NYSE:APH) by 10.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,105 shares of the electronics maker’s stock after selling 957 shares during the period. Contravisory Investment Management Inc.’s holdings in Amphenol were worth $563,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. grew its position in shares of Amphenol by 50.9% in the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock valued at $17,477,000 after purchasing an additional 90,450 shares during the period. Advisors Asset Management Inc. grew its holdings in Amphenol by 22.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock valued at $6,966,000 after buying an additional 19,496 shares during the period. LMR Partners LLP lifted its holdings in shares of Amphenol by 315.1% during the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock worth $19,209,000 after acquiring an additional 223,784 shares during the period. Czech National Bank increased its position in Amphenol by 7.2% during the third quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock worth $15,985,000 after purchasing an additional 16,425 shares during the last quarter. Finally, Whalen Wealth Management Inc. purchased a new stake in shares of Amphenol during the 3rd quarter valued at $484,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

Amphenol stock opened at $70.92 on Thursday. The company has a market cap of $85.50 billion, a PE ratio of 40.76, a P/E/G ratio of 2.44 and a beta of 1.24. Amphenol Co. has a 12 month low of $47.38 and a 12 month high of $75.78. The company has a fifty day moving average price of $72.01 and a two-hundred day moving average price of $67.69. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. Research analysts expect that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 37.93%.

Insiders Place Their Bets

In other news, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction 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 document filed with the SEC, which is available through the SEC website. Also, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares of the company’s stock, valued at $14,997,656.16. This trade represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on APH. Truist Financial upped their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Bank of America lifted their target price on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Robert W. Baird raised their price objective on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Evercore ISI upped their target price on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, TD Cowen increased their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Five investment 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. Based on data from MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and an average target price of $69.63.

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.