Dearborn Partners LLC Reduces Stock Position in Amphenol Co. (NYSE:APH)

Dearborn Partners LLC decreased its position in shares of Amphenol Co. (NYSE:APH) by 34.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,073 shares of the electronics maker’s stock after selling 4,188 shares during the quarter. Dearborn Partners LLC’s holdings in Amphenol were worth $526,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Amphenol by 7.2% during the first 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 in the last quarter. Nwam LLC purchased a new stake in Amphenol during the 1st quarter worth about $228,000. Banco Santander S.A. raised its stake in Amphenol by 28.5% in the 1st quarter. Banco Santander S.A. now owns 4,938 shares of the electronics maker’s stock valued at $570,000 after purchasing an additional 1,095 shares during the last quarter. Nicolet Advisory Services LLC lifted its holdings in Amphenol by 3.4% in the 1st quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock valued at $313,000 after purchasing an additional 89 shares in the last quarter. Finally, TIAA Trust National Association grew its holdings in shares of Amphenol by 4.7% during the first quarter. TIAA Trust National Association now owns 2,718 shares of the electronics maker’s stock worth $314,000 after buying an additional 122 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the sale, the vice president now directly owns 14,000 shares of the company’s stock, valued at approximately $963,760. This represents a 92.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction on 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 1,842,672 shares of company stock worth $128,858,080 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

Amphenol Stock Down 2.8 %

Shares of Amphenol stock opened at $70.51 on Friday. The company has a fifty day moving average price of $66.46 and a 200 day moving average price of $65.90. 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 twelve month low of $44.44 and a twelve month high of $74.70. The stock has a market cap of $85.01 billion, a price-to-earnings ratio of 40.52, a price-to-earnings-growth ratio of 2.40 and a beta of 1.23.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 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 business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the previous year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. Equities research analysts forecast that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 37.93%.

Wall Street Analyst Weigh In

Several research firms have commented on APH. TD Cowen lifted their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Robert W. Baird increased their target price 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 raised their price target on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Evercore ISI increased their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Vertical Research assumed coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

Amphenol 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.