Amphenol Co. (NYSE:APH) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in Amphenol Co. (NYSE:APH) by 0.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,210,080 shares of the electronics maker’s stock after purchasing an additional 410 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.10% of Amphenol worth $78,849,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APH. Beacon Capital Management LLC raised its position in Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 206 shares during the period. New England Capital Financial Advisors LLC raised its position in Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares during the period. Sachetta LLC raised its position in Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares during the period. Trifecta Capital Advisors LLC raised its position in Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 338 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in Amphenol in the second quarter valued at $29,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of research analyst reports. Robert W. Baird reduced their target price on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Vertical Research began coverage on Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. UBS Group upped their price target on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Truist Financial upped their price objective on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Bank of America lowered their price objective on Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.50.

Insider Transactions at Amphenol

In other news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,373,382. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.54, for a total value of $48,405,000.00. Following the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lance E. D’amico sold 100,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,516,000 shares of company stock valued at $98,236,640 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

Amphenol Stock Down 0.1 %

Shares of Amphenol stock opened at $67.46 on Monday. The company has a market cap of $81.03 billion, a P/E ratio of 41.39, a PEG ratio of 2.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. Amphenol Co. has a one year low of $39.34 and a one year high of $70.84. The firm has a fifty day moving average of $64.76 and a two-hundred day moving average of $64.32.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. Amphenol’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS. On average, analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.98%. Amphenol’s dividend payout ratio (DPR) is presently 40.49%.

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.