Amphenol Co. (NYSE:APH) Shares Sold by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC decreased its position in Amphenol Co. (NYSE:APH) by 2.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,000 shares of the electronics maker’s stock after selling 300 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Amphenol were worth $782,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Connable Office Inc. grew its holdings in Amphenol by 47.2% in the third quarter. Connable Office Inc. now owns 48,390 shares of the electronics maker’s stock valued at $3,153,000 after purchasing an additional 15,516 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Amphenol by 6.3% in the third quarter. CIBC Asset Management Inc now owns 204,911 shares of the electronics maker’s stock valued at $13,352,000 after acquiring an additional 12,166 shares in the last quarter. ING Groep NV lifted its position in shares of Amphenol by 119.2% in the third quarter. ING Groep NV now owns 908,762 shares of the electronics maker’s stock valued at $59,215,000 after acquiring an additional 494,113 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Amphenol by 4.8% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 35,353 shares of the electronics maker’s stock valued at $2,304,000 after acquiring an additional 1,621 shares in the last quarter. Finally, Metis Global Partners LLC lifted its position in shares of Amphenol by 3.8% in the third quarter. Metis Global Partners LLC now owns 48,743 shares of the electronics maker’s stock valued at $3,176,000 after acquiring an additional 1,780 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

NYSE APH opened at $70.51 on Friday. The firm has a market capitalization of $85.01 billion, a P/E ratio of 40.52, a P/E/G ratio of 2.40 and a beta of 1.23. Amphenol Co. has a 1-year low of $44.44 and a 1-year high of $74.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The business’s 50-day simple moving average is $66.68 and its 200-day simple moving average is $65.97.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company’s revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. Equities analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.94%. Amphenol’s dividend payout ratio is currently 37.93%.

Insider Activity at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the transaction, the vice president now owns 14,000 shares in the company, valued at $963,760. The trade was a 92.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock worth $128,858,080 in the last 90 days. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on APH shares. Vertical Research started coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. Bank of America upped their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Robert W. Baird increased their target price on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. TD Cowen increased their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Truist Financial increased their target price on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Company 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.