Ameriprise Financial Inc. Sells 126,552 Shares of Amphenol Co. (NYSE:APH)

Ameriprise Financial Inc. trimmed its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,228,828 shares of the electronics maker's stock after selling 126,552 shares during the period. Ameriprise Financial Inc. owned 0.18% of Amphenol worth $149,556,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Alteri Wealth LLC acquired a new stake in shares of Amphenol during the fourth quarter valued at about $584,000. Ancora Advisors LLC grew its holdings in shares of Amphenol by 65.9% during the fourth quarter. Ancora Advisors LLC now owns 1,249 shares of the electronics maker's stock valued at $87,000 after purchasing an additional 496 shares during the last quarter. Aptus Capital Advisors LLC increased its position in Amphenol by 76.7% in the fourth quarter. Aptus Capital Advisors LLC now owns 16,905 shares of the electronics maker's stock worth $1,176,000 after buying an additional 7,339 shares during the period. Aristotle Atlantic Partners LLC lifted its position in Amphenol by 22.5% in the 4th quarter. Aristotle Atlantic Partners LLC now owns 149,072 shares of the electronics maker's stock valued at $10,353,000 after purchasing an additional 27,379 shares during the last quarter. Finally, AXA S.A. grew its holdings in Amphenol by 114.8% in the 4th quarter. AXA S.A. now owns 512,300 shares of the electronics maker's stock worth $35,579,000 after buying an additional 273,783 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Up 0.2 %

Shares of APH traded up $0.20 during mid-day trading on Friday, reaching $80.78. The company's stock had a trading volume of 6,917,887 shares, compared to its average volume of 7,508,345. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $81.82. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company has a market cap of $97.71 billion, a price-to-earnings ratio of 42.18, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The business has a fifty day moving average of $68.09 and a 200 day moving average of $69.84.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business's quarterly revenue was up 47.7% compared to the same quarter last year. During the same period last year, the company posted $0.40 EPS. As a group, analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

Insider Buying and Selling

In other news, VP David M. Silverman sold 87,500 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $80.03, for a total transaction of $7,002,625.00. Following the completion of the sale, the vice president now directly owns 12,500 shares of the company's stock, valued at $1,000,375. This trade represents a 87.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 400,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the completion of the sale, the chief financial officer now directly owns 100,000 shares of the company's stock, valued at approximately $7,593,000. The trade was a 80.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,178,500 shares of company stock worth $241,903,805. Corporate insiders own 1.67% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. UBS Group reissued a "buy" rating and set a $85.00 target price (up previously from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. The Goldman Sachs Group increased their price objective on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. boosted their target price on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, Bank of America upped their target price on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $81.62.

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.