Amphenol Co. (NYSE:APH) Shares Sold by Wallace Advisory Group LLC

Wallace Advisory Group LLC reduced its stake in Amphenol Co. (NYSE:APH) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,954 shares of the electronics maker’s stock after selling 286 shares during the period. Wallace Advisory Group LLC’s holdings in Amphenol were worth $518,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of APH. LPL Financial LLC raised its stake in shares of Amphenol by 126.0% in the second quarter. LPL Financial LLC now owns 524,203 shares of the electronics maker’s stock valued at $35,316,000 after acquiring an additional 292,211 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Amphenol by 12.2% in the second quarter. American Century Companies Inc. now owns 646,034 shares of the electronics maker’s stock valued at $43,523,000 after acquiring an additional 70,465 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Amphenol by 99.8% in the second quarter. Oppenheimer & Co. Inc. now owns 53,244 shares of the electronics maker’s stock valued at $3,587,000 after acquiring an additional 26,599 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Amphenol by 4,215.3% in the second quarter. Federated Hermes Inc. now owns 117,678 shares of the electronics maker’s stock valued at $7,928,000 after acquiring an additional 114,951 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Amphenol by 110.8% in the second quarter. Parallel Advisors LLC now owns 18,919 shares of the electronics maker’s stock valued at $1,275,000 after acquiring an additional 9,943 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Performance

NYSE APH opened at $68.31 on Tuesday. 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 Co. has a 52-week low of $47.38 and a 52-week high of $75.78. The business’s 50-day moving average price is $72.00 and its 200 day moving average price is $67.67. The firm has a market cap of $82.36 billion, a P/E ratio of 39.26, a P/E/G ratio of 2.44 and a beta of 1.24.

Amphenol (NYSE:APH) last released its quarterly earnings results 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 return on equity of 24.68% and a net margin of 15.40%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the company posted $0.39 earnings per share. The business’s revenue was up 26.3% on a year-over-year basis. On average, equities research analysts expect that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 37.93%.

Analysts Set New Price Targets

A number of analysts have weighed in on APH shares. TD Cowen raised their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Truist Financial raised their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Bank of America raised their price target on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Robert W. Baird raised their price target on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Evercore ISI raised their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Five 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.63.

Insider Buying and Selling

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The sale 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 valued at $128,858,080 over the last quarter. 1.80% of the stock is currently owned by insiders.

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.