Quest Partners LLC Sells 21,381 Shares of Amphenol Co. (NYSE:APH)

Quest Partners LLC trimmed its holdings in Amphenol Co. (NYSE:APH) by 51.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 19,930 shares of the electronics maker’s stock after selling 21,381 shares during the quarter. Quest Partners LLC’s holdings in Amphenol were worth $1,299,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its position in Amphenol by 3.7% during the third quarter. Thrivent Financial for Lutherans now owns 787,818 shares of the electronics maker’s stock valued at $51,334,000 after buying an additional 27,942 shares during the period. Claro Advisors LLC lifted its stake in shares of Amphenol by 3.8% in the 3rd quarter. Claro Advisors LLC now owns 12,476 shares of the electronics maker’s stock valued at $813,000 after acquiring an additional 459 shares during the last quarter. Turtle Creek Wealth Advisors LLC boosted its holdings in Amphenol by 0.9% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 89,666 shares of the electronics maker’s stock valued at $5,843,000 after acquiring an additional 816 shares during the period. KPP Advisory Services LLC grew its position in Amphenol by 10.0% during the 3rd quarter. KPP Advisory Services LLC now owns 8,235 shares of the electronics maker’s stock worth $537,000 after acquiring an additional 749 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in Amphenol by 7.6% in the third quarter. Natixis Advisors LLC now owns 2,519,728 shares of the electronics maker’s stock valued at $164,185,000 after purchasing an additional 177,564 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Evercore ISI raised their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial boosted their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. TD Cowen increased their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Bank of America boosted their price target on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, Vertical Research initiated coverage on Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Stock Performance

Shares of APH stock opened at $70.99 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The company’s fifty day moving average price is $67.06 and its 200-day moving average price is $66.19. The stock has a market cap of $85.59 billion, a PE ratio of 40.80, a price-to-earnings-growth ratio of 2.34 and a beta of 1.23. Amphenol Co. has a 12 month low of $44.51 and a 12 month high of $74.70.

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, topping analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter in the prior year, the company earned $0.39 earnings per share. The business’s revenue was up 26.3% compared to the same quarter last year. On average, equities analysts expect that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio is presently 37.93%.

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.