Amphenol Co. (NYSE:APH) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 20.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 352,714 shares of the electronics maker's stock after selling 92,244 shares during the quarter. Cresset Asset Management LLC's holdings in Amphenol were worth $24,551,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in shares of Amphenol in the 4th quarter worth about $1,378,794,000. Bank of America Corp DE boosted its holdings in shares of Amphenol by 294.0% in the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after buying an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Amphenol by 36.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after buying an additional 15,837,407 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after acquiring an additional 6,039,845 shares during the last quarter. Finally, FMR LLC boosted its stake in Amphenol by 2.6% in the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after acquiring an additional 2,643,752 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Activity at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer now owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. This trade represents a 49.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Luc Walter sold 390,000 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the sale, the insider now directly owns 447,790 shares in the company, valued at $33,991,738.90. This trade represents a 46.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,965,000 shares of company stock worth $224,785,900 in the last quarter. 1.67% of the stock is owned by insiders.

Amphenol Stock Down 0.6 %

NYSE:APH opened at $80.19 on Tuesday. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $81.00. The firm has a market capitalization of $97.00 billion, a price-to-earnings ratio of 41.87, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. 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 stock's 50 day moving average price is $66.82 and its two-hundred day moving average price is $69.49.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm's quarterly revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 earnings per share. Equities research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 0.82%. Amphenol's dividend payout ratio is presently 32.04%.

Wall Street Analysts Forecast Growth

APH has been the topic of several recent research reports. UBS Group reissued a "buy" rating and issued a $85.00 price target (up previously from $78.00) on shares of Amphenol in a report on Thursday, April 24th. Robert W. Baird upped their price target on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. 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. Bank of America raised their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Finally, Truist Financial increased their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and an average target price 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.

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