Amphenol Co. (NYSE:APH) Shares Sold by Concentric Capital Strategies LP

Concentric Capital Strategies LP lessened its holdings in Amphenol Co. (NYSE:APH - Free Report) by 56.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,187 shares of the electronics maker's stock after selling 57,093 shares during the period. Concentric Capital Strategies LP's holdings in Amphenol were worth $3,069,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its stake in Amphenol by 208.8% during the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock worth $1,765,000 after purchasing an additional 18,322 shares in the last quarter. Spire Wealth Management grew its position in shares of Amphenol by 34.1% during the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock worth $6,836,000 after buying an additional 25,007 shares in the last quarter. Consolidated Planning Corp increased its stake in shares of Amphenol by 37.0% during the fourth quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock worth $1,192,000 after buying an additional 4,631 shares during the period. Pines Wealth Management LLC acquired a new stake in Amphenol in the fourth quarter valued at approximately $553,000. Finally, Kanawha Capital Management LLC lifted its stake in Amphenol by 4.5% in the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock worth $10,547,000 after acquiring an additional 6,481 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on APH. Robert W. Baird raised their price objective on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. The Goldman Sachs Group raised their price target on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Bank of America upped their price objective on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a report on Thursday, April 24th. Finally, Truist Financial boosted their target price on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Five equities research 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, the company has an average rating of "Moderate Buy" and a consensus price target of $81.62.

Insider Buying and Selling at Amphenol

In other news, insider Luc Walter sold 390,000 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 447,790 shares in the company, valued at $33,991,738.90. The trade was a 46.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. The trade was a 49.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,178,500 shares of company stock valued at $241,903,805 in the last ninety days. Insiders own 1.67% of the company's stock.

Amphenol Stock Performance

Shares of APH stock traded up $0.20 during trading hours on Friday, hitting $80.78. The stock had a trading volume of 6,917,887 shares, compared to its average volume of 7,508,345. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The firm has a market capitalization of $97.71 billion, a PE ratio of 42.18, a PEG ratio of 1.92 and a beta of 1.10. The stock's 50 day moving average is $68.09 and its 200 day moving average is $69.84. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $81.82.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share 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 analysts' expectations of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol's quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS. As a group, research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

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

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.