Comerica Bank Sells 11,569 Shares of Amphenol Co. (NYSE:APH)

Comerica Bank reduced its position in Amphenol Co. (NYSE:APH - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 381,997 shares of the electronics maker's stock after selling 11,569 shares during the period. Comerica Bank's holdings in Amphenol were worth $26,530,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of Amphenol during the 3rd quarter valued at $582,000. Wilmington Savings Fund Society FSB acquired a new stake in Amphenol during the third quarter valued at $2,277,000. Tidal Investments LLC grew its stake in Amphenol by 464.6% in the third quarter. Tidal Investments LLC now owns 396,066 shares of the electronics maker's stock valued at $25,808,000 after purchasing an additional 325,912 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in Amphenol in the 3rd quarter worth about $9,614,000. Finally, Principal Financial Group Inc. raised its stake in shares of Amphenol by 73.9% during the 3rd quarter. Principal Financial Group Inc. now owns 2,591,323 shares of the electronics maker's stock worth $168,851,000 after purchasing an additional 1,101,368 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Transactions at Amphenol

In related news, insider Luc Walter sold 390,000 shares of the company's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.91, for a total value of $29,604,900.00. Following the sale, the insider now owns 447,790 shares of the company's stock, valued at $33,991,738.90. The trade was a 46.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Lance E. D'amico sold 175,000 shares of the stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares of the company's stock, valued at $3,920,792. This trade represents a 77.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,965,000 shares of company stock valued at $224,785,900. 1.67% of the stock is owned by corporate insiders.

Amphenol Stock Performance

Shares of Amphenol stock traded up $2.13 during midday trading on Friday, hitting $80.76. The company had a trading volume of 7,706,737 shares, compared to its average volume of 7,471,520. The stock has a market cap of $97.69 billion, a PE ratio of 42.17, a P/E/G ratio of 1.92 and a beta of 1.10. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $81.00. The business's 50 day simple moving average is $66.53 and its two-hundred day simple moving average is $69.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

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

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. Amphenol's dividend payout ratio is currently 32.04%.

Analyst Upgrades and Downgrades

APH has been the subject of several recent research reports. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research note on Thursday, April 24th. The Goldman Sachs Group raised their price target on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Truist Financial upped their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. UBS Group reaffirmed a "buy" rating and issued a $85.00 price target (up previously from $78.00) on shares of Amphenol in a research report on Thursday, April 24th. Finally, Citigroup increased their price objective on Amphenol from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Amphenol presently has an average rating of "Moderate Buy" and an average price target of $81.62.

Amphenol Company 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.