Federated Hermes Inc. Decreases Stock Holdings in Amphenol Corporation (NYSE:APH)

Key Points

• Federated Hermes Inc. has reduced its holdings in Amphenol Corporation by 19.7%, selling 19,260 shares during the first quarter, bringing its total ownership to 78,661 shares valued at $5,159,000.
• Amphenol's stock is currently trading at $108.53, having seen a 4.0% increase, with a market capitalization of $132.51 billion and a price-to-earnings ratio of 43.24.
• The company plans to pay a quarterly dividend of $0.165 per share on October 8th, which represents an annualized dividend yield of 0.6% and a payout ratio of 26.29%.

Federated Hermes Inc. lowered its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 19.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 78,661 shares of the electronics maker's stock after selling 19,260 shares during the period. Federated Hermes Inc.'s holdings in Amphenol were worth $5,159,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Forum Financial Management LP boosted its holdings in Amphenol by 1.9% during the first quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock worth $438,000 after purchasing an additional 126 shares during the last quarter. FourThought Financial Partners LLC increased its position in shares of Amphenol by 4.1% during the first quarter. FourThought Financial Partners LLC now owns 3,525 shares of the electronics maker's stock worth $231,000 after purchasing an additional 139 shares in the last quarter. Gallacher Capital Management LLC boosted its position in Amphenol by 4.6% during the first quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker's stock worth $210,000 after purchasing an additional 142 shares in the last quarter. Adell Harriman & Carpenter Inc. grew its holdings in shares of Amphenol by 2.5% during the 1st quarter. Adell Harriman & Carpenter Inc. now owns 5,936 shares of the electronics maker's stock worth $389,000 after purchasing an additional 143 shares during the period. Finally, Fullcircle Wealth LLC lifted its stake in Amphenol by 1.3% during the first quarter. Fullcircle Wealth LLC now owns 11,806 shares of the electronics maker's stock worth $774,000 after purchasing an additional 151 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Trading Down 0.8%

Shares of NYSE APH traded down $0.88 during trading hours on Thursday, hitting $108.62. 3,558,542 shares of the company traded hands, compared to its average volume of 8,538,578. The company's 50 day moving average price is $98.27 and its 200 day moving average price is $80.42. The stock has a market capitalization of $132.62 billion, a price-to-earnings ratio of 43.25, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $110.38. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The business had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period last year, the business posted $0.44 earnings per share. The company's quarterly revenue was up 56.5% on a year-over-year basis. On average, equities research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. Amphenol's payout ratio is 26.29%.

Analysts Set New Price Targets

APH has been the topic of several research analyst reports. UBS Group raised their target price on shares of Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. The Goldman Sachs Group restated a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. Bank of America boosted their price objective on Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a research note on Tuesday. Industrial Alliance Securities set a $115.00 price objective on shares of Amphenol in a research report on Friday, July 11th. Finally, Wall Street Zen raised Amphenol from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Four 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, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus target price of $104.92.

Insider Buying and Selling

In related news, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.54, for a total value of $14,326,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael R. Ivas sold 40,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the sale, the vice president directly owned 152,412 shares in the company, valued at approximately $13,532,661.48. This represents a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 586,000 shares of company stock valued at $52,935,980 over the last ninety days. 1.67% of the stock is currently owned by company insiders.

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.