Geneva Capital Management LLC Reduces Stock Holdings in Amphenol Co. (NYSE:APH)

Geneva Capital Management LLC reduced its stake in shares of Amphenol Co. (NYSE:APH) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 719,974 shares of the electronics maker’s stock after selling 22,372 shares during the period. Geneva Capital Management LLC’s holdings in Amphenol were worth $46,914,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Concurrent Investment Advisors LLC lifted its holdings in Amphenol by 23.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 4,979 shares of the electronics maker’s stock valued at $574,000 after purchasing an additional 945 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Amphenol by 3.5% during the first quarter. Bleakley Financial Group LLC now owns 15,824 shares of the electronics maker’s stock worth $1,825,000 after purchasing an additional 531 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Amphenol by 7.2% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 21,109 shares of the electronics maker’s stock worth $2,435,000 after buying an additional 1,412 shares during the last quarter. Dearborn Partners LLC purchased a new stake in Amphenol in the first quarter valued at approximately $708,000. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Amphenol by 6.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 689,245 shares of the electronics maker’s stock worth $79,504,000 after purchasing an additional 41,599 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APH has been the topic of a number of research reports. TD Cowen raised their target price on shares of 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 target price on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Truist Financial lifted their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Evercore ISI lifted their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Bank of America lifted their target price on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Insider Buying and Selling

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $133,136,890.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction dated 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 sold a total of 2,242,672 shares of company stock worth $155,170,080 in the last three months. 1.80% of the stock is owned by insiders.

Amphenol Stock Performance

APH stock opened at $71.98 on Wednesday. The firm has a market cap of $86.78 billion, a P/E ratio of 41.37, a P/E/G ratio of 2.45 and a beta of 1.23. The stock’s 50 day simple moving average is $65.83 and its 200 day simple moving average is $65.73. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. Amphenol Co. has a 12-month low of $43.05 and a 12-month high of $74.70.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $3.81 billion. During the same period in the previous year, the business posted $0.39 EPS. The company’s quarterly revenue was up 26.3% on a year-over-year basis. As a group, equities research analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.92%. Amphenol’s dividend payout ratio is currently 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.