First Manhattan CO. LLC. Has $1.50 Million Position in Amphenol Co. (NYSE:APH)

First Manhattan CO. LLC. reduced its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 29.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,532 shares of the electronics maker's stock after selling 9,070 shares during the period. First Manhattan CO. LLC.'s holdings in Amphenol were worth $1,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APH. Wealth Enhancement Advisory Services LLC raised its position in shares of Amphenol by 0.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 346,199 shares of the electronics maker's stock worth $22,558,000 after purchasing an additional 1,404 shares during the period. ST Germain D J Co. Inc. raised its position in shares of Amphenol by 96.9% during the fourth quarter. ST Germain D J Co. Inc. now owns 2,520 shares of the electronics maker's stock worth $175,000 after purchasing an additional 1,240 shares during the period. Czech National Bank raised its position in shares of Amphenol by 6.6% during the fourth quarter. Czech National Bank now owns 261,401 shares of the electronics maker's stock worth $18,154,000 after purchasing an additional 16,075 shares during the period. Fragasso Financial Advisors Inc grew its holdings in Amphenol by 4.7% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock worth $266,000 after buying an additional 171 shares in the last quarter. Finally, Wedmont Private Capital grew its holdings in Amphenol by 6.6% during the fourth quarter. Wedmont Private Capital now owns 23,476 shares of the electronics maker's stock worth $1,648,000 after buying an additional 1,446 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Trading Up 1.5%

NYSE:APH traded up $1.29 during trading hours on Tuesday, reaching $85.75. 8,088,952 shares of the stock were exchanged, compared to its average volume of 7,531,956. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $86.80. The business has a 50-day moving average of $68.97 and a two-hundred day moving average of $70.05. 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 company has a market capitalization of $103.72 billion, a price-to-earnings ratio of 44.78, a PEG ratio of 1.92 and a beta of 1.10.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) 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 company's revenue for the quarter was up 47.7% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. On average, equities analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is presently 32.04%.

Insider Activity

In other news, CFO Craig A. Lampo sold 400,000 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the completion of the transaction, the chief financial officer now directly owns 100,000 shares of the company's stock, valued at approximately $7,593,000. This trade represents a 80.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lance E. D'amico sold 175,000 shares of the business's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,920,792. This trade represents a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,178,500 shares of company stock worth $241,903,805 over the last three months. Corporate insiders own 1.67% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on APH shares. Truist Financial upped their price target on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. US Capital Advisors set a $85.00 price target on Amphenol in a research note on Thursday, April 24th. TD Securities lifted their price target on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Robert W. Baird lifted their price target on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and an average target price of $81.62.

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.