DRW Securities LLC Sells 7,391 Shares of Amphenol Co. (NYSE:APH)

DRW Securities LLC cut its holdings in Amphenol Co. (NYSE:APH) by 65.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,893 shares of the electronics maker’s stock after selling 7,391 shares during the quarter. DRW Securities LLC’s holdings in Amphenol were worth $254,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Texas Permanent School Fund Corp increased its holdings in Amphenol by 61.1% in the second quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock valued at $13,458,000 after purchasing an additional 75,753 shares during the last quarter. United Services Automobile Association increased its stake in shares of Amphenol by 102.0% in the 2nd quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock valued at $2,154,000 after acquiring an additional 16,149 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Amphenol by 50.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock valued at $17,477,000 after acquiring an additional 90,450 shares during the period. Advisors Asset Management Inc. boosted its stake in Amphenol by 22.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock worth $6,966,000 after acquiring an additional 19,496 shares during the last quarter. Finally, LMR Partners LLP grew its holdings in Amphenol by 315.1% during the third quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock valued at $19,209,000 after purchasing an additional 223,784 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of APH stock opened at $72.73 on Thursday. Amphenol Co. has a 12 month low of $44.90 and a 12 month high of $74.93. The company’s fifty day simple moving average is $68.23 and its 200-day simple moving average is $66.58. The firm has a market cap of $87.68 billion, a PE ratio of 41.80, a P/E/G ratio of 2.44 and a beta of 1.23. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. Equities research analysts expect that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. Amphenol’s dividend payout ratio is 37.93%.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of recent analyst reports. Truist Financial lifted their price target on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. TD Cowen boosted their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Robert W. Baird raised their price target on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Bank of America boosted 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and an average price target of $69.63.

Insider Transactions at Amphenol

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $133,136,890.88. The trade was a 31.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were 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 90 days. Corporate insiders own 1.80% of the company’s stock.

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.