Man Group plc Has $162.67 Million Stock Holdings in Amphenol Co. (NYSE:APH)

Man Group plc trimmed its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 41.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,342,307 shares of the electronics maker's stock after selling 1,691,193 shares during the quarter. Amphenol makes up 0.4% of Man Group plc's portfolio, making the stock its 23rd biggest position. Man Group plc owned 0.19% of Amphenol worth $162,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of Amphenol by 208.8% during the fourth 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 during the period. Spire Wealth Management increased its holdings in shares of Amphenol by 34.1% in the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock worth $6,836,000 after acquiring an additional 25,007 shares during the period. Consolidated Planning Corp increased its holdings in shares of Amphenol by 37.0% in the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock worth $1,192,000 after acquiring an additional 4,631 shares during the period. Pines Wealth Management LLC acquired a new stake in shares of Amphenol in the 4th quarter worth about $553,000. Finally, Kanawha Capital Management LLC increased its holdings in shares of Amphenol by 4.5% in the 4th 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 period. 97.01% of the stock is currently owned by institutional investors.

Amphenol Trading Up 1.1%

Shares of NYSE:APH traded up $0.92 during midday trading on Friday, reaching $86.89. The company had a trading volume of 7,689,932 shares, compared to its average volume of 7,523,095. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $86.96. The firm has a market cap of $105.10 billion, a price-to-earnings ratio of 45.37, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a fifty day simple moving average of $70.41 and a two-hundred day simple moving average of $70.42.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. The business had revenue of $4.81 billion for 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 firm's quarterly revenue was up 47.7% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. Research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is currently 32.04%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on APH. JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Truist Financial increased their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Citigroup increased their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Robert W. Baird raised their target price on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, UBS Group reissued a "buy" rating and set a $85.00 target price (up previously from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $81.62.

Insider Transactions at Amphenol

In related news, VP David M. Silverman sold 87,500 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.03, for a total transaction of $7,002,625.00. Following the completion of the sale, the vice president now directly owns 12,500 shares in the company, valued at approximately $1,000,375. This trade represents a 87.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William J. Doherty sold 126,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.28, for a total transaction of $10,115,280.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,178,500 shares of company stock valued at $241,903,805 over the last ninety days. Corporate insiders own 1.67% of the company's stock.

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.