Amphenol Co. (NYSE:APH) Shares Sold by Avity Investment Management Inc.

Avity Investment Management Inc. decreased its position in shares of Amphenol Co. (NYSE:APH) by 6.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 689,487 shares of the electronics maker’s stock after selling 44,368 shares during the period. Amphenol comprises about 3.5% of Avity Investment Management Inc.’s investment portfolio, making the stock its 9th largest holding. Avity Investment Management Inc.’s holdings in Amphenol were worth $44,927,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Asio Capital LLC grew its stake in shares of Amphenol by 5.8% during the third quarter. Asio Capital LLC now owns 40,308 shares of the electronics maker’s stock valued at $2,626,000 after purchasing an additional 2,207 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in Amphenol by 12.0% in the third quarter. Valeo Financial Advisors LLC now owns 8,104 shares of the electronics maker’s stock valued at $528,000 after acquiring an additional 866 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Amphenol by 389.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 8,548 shares of the electronics maker’s stock valued at $558,000 after acquiring an additional 6,800 shares during the last quarter. Strong Tower Advisory Services boosted its stake in Amphenol by 3.0% in the third quarter. Strong Tower Advisory Services now owns 16,191 shares of the electronics maker’s stock valued at $1,055,000 after acquiring an additional 479 shares during the last quarter. Finally, Contravisory Investment Management Inc. boosted its stake in Amphenol by 8.2% in the third quarter. Contravisory Investment Management Inc. now owns 9,062 shares of the electronics maker’s stock valued at $590,000 after acquiring an additional 690 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the completion of the sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Luc Walter sold 106,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.19, for a total value of $6,804,140.00. Following the completion of the transaction, the insider now directly owns 447,790 shares in the company, valued at approximately $28,743,640.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 750,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the transaction, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,516,000 shares of company stock valued at $98,236,640. Company insiders own 1.80% of the company’s stock.

Amphenol Stock Performance

Shares of APH opened at $65.56 on Friday. The firm has a 50-day moving average of $64.13 and a 200-day moving average of $63.88. Amphenol Co. has a one year low of $39.34 and a one year high of $70.84. The company has a market cap of $78.95 billion, a PE ratio of 39.15, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter last year, the firm posted $0.72 EPS. The company’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, equities analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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.