Guinness Asset Management LTD Sells 194,800 Shares of Amphenol Co. (NYSE:APH)

Guinness Asset Management LTD lessened its position in shares of Amphenol Co. (NYSE:APH) by 25.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 562,069 shares of the electronics maker’s stock after selling 194,800 shares during the quarter. Guinness Asset Management LTD’s holdings in Amphenol were worth $36,622,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in APH. Oarsman Capital Inc. boosted its position in shares of Amphenol by 10.0% during the fourth quarter. Oarsman Capital Inc. now owns 12,516 shares of the electronics maker’s stock valued at $1,241,000 after buying an additional 1,137 shares during the period. Syon Capital LLC increased its stake in shares of Amphenol by 22.5% in the 4th quarter. Syon Capital LLC now owns 7,219 shares of the electronics maker’s stock valued at $716,000 after purchasing an additional 1,325 shares in the last quarter. Zeno Equity Partners LLP acquired a new stake in Amphenol in the 4th quarter valued at $15,017,000. Fisher Asset Management LLC purchased a new stake in shares of Amphenol during the fourth quarter worth about $789,000. Finally, Trust Co. of Vermont increased its stake in Amphenol by 10.5% during the 4th quarter. Trust Co. of Vermont now owns 2,256 shares of the electronics maker’s stock worth $224,000 after buying an additional 214 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

APH has been the topic of several recent analyst reports. Vertical Research started coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. Robert W. Baird decreased their price target on Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Bank of America lowered their target price on shares of Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday. Truist Financial increased their price target on shares of Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, UBS Group increased their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Five investment 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.com, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $66.50.

Insider Buying and Selling

In related news, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider William J. Doherty sold 300,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,516,000 shares of company stock worth $98,236,640. 1.80% of the stock is owned by corporate insiders.

Amphenol Price Performance

Shares of APH stock traded up $1.00 during trading hours on Friday, hitting $65.56. The company had a trading volume of 5,249,296 shares, compared to its average volume of 6,505,295. The firm’s fifty day moving average is $64.13 and its 200 day moving average is $63.88. Amphenol Co. has a 12 month low of $39.34 and a 12 month high of $70.84. The firm has a market capitalization of $78.95 billion, a price-to-earnings ratio of 39.15, 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 (NYSE:APH) last released its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. On average, sell-side analysts predict that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th were given a $0.165 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 1.01%. Amphenol’s dividend payout ratio is currently 39.40%.

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.