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

Man Group plc trimmed its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 41.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,342,307 shares of the electronics maker's stock after selling 1,691,193 shares during the quarter. Amphenol accounts for about 0.4% of Man Group plc's investment portfolio, making the stock its 23rd biggest position. Man Group plc owned approximately 0.19% of Amphenol worth $162,673,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC lifted its position in shares of Amphenol by 0.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock worth $1,634,000 after buying an additional 136 shares during the last quarter. WASHINGTON TRUST Co lifted its position in Amphenol by 23.0% in the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock valued at $55,000 after purchasing an additional 147 shares during the last quarter. MJP Associates Inc. ADV lifted its position in Amphenol by 2.3% in the 4th quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker's stock valued at $509,000 after purchasing an additional 166 shares during the last quarter. Fragasso Financial Advisors Inc increased its stake in Amphenol by 4.7% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock valued at $266,000 after buying an additional 171 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its stake in Amphenol by 3.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock valued at $381,000 after buying an additional 173 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Amphenol Trading Down 0.5%

Shares of Amphenol stock traded down $0.47 during trading on Monday, hitting $86.41. The stock had a trading volume of 1,963,397 shares, compared to its average volume of 7,501,146. The stock has a 50 day simple moving average of $70.41 and a 200 day simple moving average of $70.44. The company has a market capitalization of $104.52 billion, a PE ratio of 45.13, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $86.96.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. The firm's revenue was up 47.7% on a year-over-year basis. On average, research analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business 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 yield of 0.76%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's payout ratio is presently 32.04%.

Insider Activity at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,002,507 shares in the company, valued at $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William J. Doherty sold 126,000 shares of Amphenol stock in a transaction that occurred on Friday, May 2nd. The shares were 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. Over the last three months, insiders have sold 3,178,500 shares of company stock valued at $241,903,805. Corporate insiders own 1.67% of the company's stock.

Analysts Set New Price Targets

APH has been the topic of several research analyst reports. Truist Financial raised 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. TD Securities lifted their price objective on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Robert W. Baird lifted their price objective on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group lifted their price objective on shares of Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, 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.