Amphenol Corporation (NYSE:APH) Shares Sold by Howland Capital Management LLC

Key Points

• Howland Capital Management LLC reduced its stake in Amphenol Corporation by 1.1%, now holding 678,683 shares, which is about 2.0% of their investment portfolio.
• Analysts have increased their target prices for Amphenol, with Citigroup raising its target from $115.00 to $125.00, and the stock receiving an overall "Moderate Buy" rating.
• Amphenol recently announced a quarterly dividend of $0.165 per share, with a dividend yield of 0.6% and a payout ratio of 26.29% as of the latest reporting period.

Howland Capital Management LLC cut its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 678,683 shares of the electronics maker's stock after selling 7,617 shares during the quarter. Amphenol accounts for 2.0% of Howland Capital Management LLC's portfolio, making the stock its 12th largest position. Howland Capital Management LLC owned about 0.06% of Amphenol worth $44,625,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of APH. Hughes Financial Services LLC acquired a new stake in shares of Amphenol in the first quarter worth about $25,000. N.E.W. Advisory Services LLC bought a new position in Amphenol during the first quarter valued at about $28,000. Global X Japan Co. Ltd. bought a new position in Amphenol during the first quarter valued at about $44,000. Coppell Advisory Solutions LLC bought a new stake in shares of Amphenol in the 4th quarter valued at approximately $48,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Amphenol by 30.5% during the 1st quarter. Meeder Asset Management Inc. now owns 856 shares of the electronics maker's stock worth $56,000 after buying an additional 200 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Down 0.5%

NYSE APH traded down $0.58 during mid-day trading on Tuesday, reaching $108.05. The stock had a trading volume of 7,025,290 shares, compared to its average volume of 8,564,003. The stock has a market cap of $131.93 billion, a PE ratio of 43.04, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. The company has a fifty day moving average price of $97.45 and a 200 day moving average price of $80.03. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $109.90. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the business posted $0.44 EPS. Amphenol's revenue for the quarter was up 56.5% compared to the same quarter last year. On average, research analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is presently 26.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on APH. Robert W. Baird increased their price objective on Amphenol from $113.00 to $118.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. US Capital Advisors set a $85.00 price target on Amphenol in a research note on Thursday, April 24th. KGI Securities assumed coverage on Amphenol in a research note on Thursday, June 26th. They issued a "hold" rating on the stock. JPMorgan Chase & Co. raised their price objective on Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Truist Financial lifted their price target on Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.92.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the completion of the sale, the vice president directly owned 152,412 shares in the company, valued at $13,532,661.48. This trade represents a 20.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the transaction, the vice president owned 12,500 shares of the company's stock, valued at $1,113,625. This represents a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 586,000 shares of company stock valued at $52,935,980. 1.67% of the stock is owned by corporate 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.