Pathstone Holdings LLC decreased its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,284 shares of the electronics maker's stock after selling 2,985 shares during the period. Pathstone Holdings LLC's holdings in Amphenol were worth $12,041,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Amphenol by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock worth $10,565,279,000 after buying an additional 2,108,578 shares in the last quarter. FMR LLC grew its holdings in Amphenol by 2.6% during the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after purchasing an additional 2,643,752 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Amphenol by 36.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after acquiring an additional 15,837,407 shares during the period. Geode Capital Management LLC increased its stake in Amphenol by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock worth $1,754,672,000 after buying an additional 659,560 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after purchasing an additional 18,619,417 shares during the period. 97.01% of the stock is currently owned by institutional investors.
Amphenol Trading Down 0.7%
Shares of APH stock traded down $0.61 during trading hours on Monday, hitting $86.27. 8,316,036 shares of the company were exchanged, compared to its average volume of 7,526,263. 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. The firm has a market cap of $104.35 billion, a PE ratio of 45.05, a PEG ratio of 1.92 and a beta of 1.10. The firm has a fifty day moving average of $70.41 and a 200 day moving average of $70.44.
Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business's quarterly revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 EPS. Analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.
Amphenol Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.77%. Amphenol's dividend payout ratio is 32.04%.
Insiders Place Their Bets
In related news, CFO Craig A. Lampo sold 400,000 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the sale, the chief financial officer now directly owns 100,000 shares in the company, valued at $7,593,000. This represents a 80.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the business's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the transaction, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at $151,649,855.11. The trade was a 49.97% 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 valued at $241,903,805 over the last quarter. Insiders own 1.67% of the company's stock.
Analyst Ratings Changes
APH has been the topic of several recent research reports. Citigroup upped their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. The Goldman Sachs Group upped 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. Truist Financial raised their price objective on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Bank of America raised their price objective on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Finally, UBS Group reaffirmed a "buy" rating and issued a $85.00 price target (up previously from $78.00) on shares of Amphenol in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $81.62.
Get Our Latest Analysis on APH
Amphenol Profile
(
Free Report)
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.
Further Reading
Before you consider Amphenol, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amphenol wasn't on the list.
While Amphenol currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
