Allspring Global Investments Holdings LLC Decreases Holdings in Amphenol Co. (NYSE:APH)

Allspring Global Investments Holdings LLC trimmed its position in Amphenol Co. (NYSE:APH - Free Report) by 33.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 704,997 shares of the electronics maker's stock after selling 361,778 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.12% of Amphenol worth $69,886,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Hixon Zuercher LLC boosted its holdings in Amphenol by 0.5% in the 4th quarter. Hixon Zuercher LLC now owns 21,437 shares of the electronics maker's stock valued at $2,125,000 after purchasing an additional 104 shares during the period. Jacobsen Capital Management increased its holdings in Amphenol by 1.8% in the 4th quarter. Jacobsen Capital Management now owns 6,113 shares of the electronics maker's stock valued at $606,000 after buying an additional 108 shares during the period. Strategic Blueprint LLC lifted its holdings in shares of Amphenol by 2.4% during the 4th quarter. Strategic Blueprint LLC now owns 4,844 shares of the electronics maker's stock worth $480,000 after acquiring an additional 112 shares during the period. Simon Quick Advisors LLC increased its stake in Amphenol by 2.2% in the fourth quarter. Simon Quick Advisors LLC now owns 5,421 shares of the electronics maker's stock valued at $537,000 after acquiring an additional 115 shares during the period. Finally, Drive Wealth Management LLC raised its position in Amphenol by 3.4% in the fourth quarter. Drive Wealth Management LLC now owns 3,573 shares of the electronics maker's stock worth $355,000 after purchasing an additional 116 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Transactions at Amphenol

In other news, VP Lance E. D'amico sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the transaction, the vice president now owns 25,700 shares in the company, valued at approximately $2,692,075. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider William J. Doherty sold 170,000 shares of the business's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lance E. D'amico sold 15,000 shares of the business's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the transaction, the vice president now owns 25,700 shares of the company's stock, valued at $2,692,075. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock valued at $31,846,050 over the last ninety days. 2.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

APH has been the topic of several recent analyst reports. Citigroup boosted their price target on Amphenol from $117.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, April 4th. Robert W. Baird increased their price target on Amphenol from $100.00 to $106.00 and gave the stock an "outperform" rating in a research report on Thursday, January 25th. Stifel Nicolaus increased their price target on shares of Amphenol from $88.00 to $95.00 and gave the company a "hold" rating in a research note on Thursday, January 25th. Truist Financial upped their price target on Amphenol from $97.00 to $109.00 and gave the company a "buy" rating in a research note on Friday, December 15th. Finally, Evercore ISI increased their price target on Amphenol from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Monday, March 25th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $107.91.

Amphenol Price Performance

APH stock traded down $0.22 during midday trading on Wednesday, reaching $114.76. 3,967,345 shares of the stock were exchanged, compared to its average volume of 2,715,958. The stock has a market capitalization of $68.84 billion, a PE ratio of 36.90, a P/E/G ratio of 3.33 and a beta of 1.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48. The company has a fifty day moving average price of $109.66 and a 200 day moving average price of $97.21. Amphenol Co. has a 52 week low of $72.00 and a 52 week high of $119.59.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. The business had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The firm's revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share. As a group, analysts expect that Amphenol Co. will post 3.28 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $0.88 annualized dividend and a yield of 0.77%. Amphenol's payout ratio is 28.30%.

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.