Ensign Peak Advisors Inc Sells 6,919 Shares of Amphenol Co. (NYSE:APH)

Ensign Peak Advisors Inc reduced its stake in Amphenol Co. (NYSE:APH - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 705,148 shares of the electronics maker's stock after selling 6,919 shares during the period. Ensign Peak Advisors Inc owned 0.06% of Amphenol worth $48,973,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Tacita Capital Inc increased its holdings in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 296 shares during the period. Sierra Ocean LLC bought a new stake in shares of Amphenol during the 4th quarter worth $28,000. Rialto Wealth Management LLC acquired a new stake in Amphenol during the 4th quarter worth about $28,000. Rakuten Securities Inc. raised its holdings in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of Amphenol in the fourth quarter worth $32,000. 97.01% of the stock is currently owned by institutional investors.

Insider Activity at Amphenol

In other Amphenol news, VP David M. Silverman sold 87,500 shares of the stock in a transaction on 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 transaction, the vice president now directly owns 12,500 shares in the company, valued at $1,000,375. This represents a 87.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 2,002,507 shares in the company, valued at $151,649,855.11. This represents a 49.97% 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. 1.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on APH. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. Bank of America upped their price objective 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. Truist Financial lifted their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Robert W. Baird increased their price objective on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, 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. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.62.

Amphenol Stock Performance

APH stock traded up $0.17 on Thursday, reaching $85.80. 3,001,853 shares of the company were exchanged, compared to its average volume of 7,518,381. 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 Co. has a 12 month low of $54.77 and a 12 month high of $86.80. The stock's fifty day moving average price is $69.43 and its 200 day moving average price is $70.16. The firm has a market capitalization of $103.78 billion, a PE ratio of 44.87, a PEG ratio of 1.92 and a beta of 1.10.

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. On average, research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

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 0.77%. Amphenol's dividend payout ratio is currently 32.04%.

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.