South Street Advisors LLC Has $24.09 Million Stake in Amphenol Co. (NYSE:APH)

South Street Advisors LLC decreased its holdings in shares of Amphenol Co. (NYSE:APH) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,774 shares of the electronics maker’s stock after selling 18,360 shares during the period. Amphenol accounts for about 3.7% of South Street Advisors LLC’s portfolio, making the stock its 5th biggest position. South Street Advisors LLC’s holdings in Amphenol were worth $24,094,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Beacon Capital Management LLC lifted its position in shares of Amphenol by 121.2% during the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 206 shares during the period. New England Capital Financial Advisors LLC boosted its position in shares of Amphenol by 100.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 188 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Amphenol in the 2nd quarter valued at about $29,000. Trifecta Capital Advisors LLC raised its stake in Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after buying an additional 338 shares during the period. Finally, Sachetta LLC boosted its holdings in Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 249 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Transactions at Amphenol

In other Amphenol news, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the sale, the chief financial officer now owns 218,116 shares in the company, valued at approximately $14,997,656.16. This represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock worth $128,858,080 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Amphenol Stock Performance

Shares of Amphenol stock traded down $2.03 on Friday, reaching $70.52. 7,410,371 shares of the company traded hands, compared to its average volume of 6,648,227. The company has a 50 day moving average of $66.68 and a 200 day moving average of $65.97. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. Amphenol Co. has a 52 week low of $44.44 and a 52 week high of $74.70. The firm has a market capitalization of $85.02 billion, a PE ratio of 40.52, a PEG ratio of 2.40 and a beta of 1.23.

Amphenol (NYSE:APH) last announced 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 during 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%. Amphenol’s revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. Equities analysts forecast that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.165 per share. The ex-dividend date 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 presently 37.93%.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of research reports. Vertical Research started coverage on Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price on the stock. Evercore ISI raised their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Robert W. Baird boosted their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. TD Cowen raised their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Bank of America increased their price target on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.63.

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.