MetLife Investment Management LLC Sells 7,878 Shares of Amphenol Co. (NYSE:APH)

MetLife Investment Management LLC reduced its stake in shares of Amphenol Co. (NYSE:APH) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 344,104 shares of the electronics maker’s stock after selling 7,878 shares during the quarter. MetLife Investment Management LLC’s holdings in Amphenol were worth $22,422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI increased its stake in Amphenol by 121.8% in the first quarter. Citizens Financial Group Inc. RI now owns 4,688 shares of the electronics maker’s stock valued at $541,000 after acquiring an additional 2,574 shares during the period. Sanibel Captiva Trust Company Inc. grew its stake in shares of Amphenol by 137.9% in the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 9,422 shares of the electronics maker’s stock valued at $1,087,000 after purchasing an additional 5,462 shares during the period. Beck Bode LLC bought a new position in shares of Amphenol during the 1st quarter worth approximately $1,059,000. Cetera Investment Advisers lifted its position in shares of Amphenol by 127.3% during the 1st quarter. Cetera Investment Advisers now owns 95,965 shares of the electronics maker’s stock worth $11,070,000 after buying an additional 53,740 shares during the period. Finally, Cetera Advisors LLC grew its position in Amphenol by 511.9% in the first quarter. Cetera Advisors LLC now owns 25,677 shares of the electronics maker’s stock valued at $2,962,000 after acquiring an additional 21,481 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amphenol

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

Amphenol Stock Down 0.7 %

Shares of APH opened at $72.73 on Thursday. The stock has a market capitalization of $87.68 billion, a PE ratio of 41.80, a P/E/G ratio of 2.44 and a beta of 1.23. Amphenol Co. has a 12 month low of $44.90 and a 12 month high of $74.93. 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 firm’s 50 day moving average is $68.23 and its 200-day moving average is $66.58.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) 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 firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was up 26.3% on a year-over-year basis. Equities research analysts forecast that Amphenol Co. will post 1.84 EPS for the current 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 issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.91%. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on APH. TD Cowen lifted their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Evercore ISI raised their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Bank of America upped their target price on shares of 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 boosted their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Truist Financial boosted their target price on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Five 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.63.

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.