Fmr LLC Sells 388,490 Shares of Amphenol Co. (NYSE:APH)

Fmr LLC lowered its position in Amphenol Co. (NYSE:APH) by 0.4% in the 3rd quarter, Holdings Channel reports. The firm owned 101,606,823 shares of the electronics maker’s stock after selling 388,490 shares during the quarter. Amphenol accounts for approximately 0.4% of Fmr LLC’s portfolio, making the stock its 29th biggest position. Fmr LLC owned about 0.08% of Amphenol worth $6,620,701,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of APH. The Manufacturers Life Insurance Company lifted its stake in shares of Amphenol by 157.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker’s stock worth $125,899,000 after acquiring an additional 1,180,944 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares during the period. Independent Advisor Alliance lifted its position in shares of Amphenol by 106.0% during the third quarter. Independent Advisor Alliance now owns 8,224 shares of the electronics maker’s stock worth $536,000 after purchasing an additional 4,232 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its stake in shares of Amphenol by 61.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 151,302 shares of the electronics maker’s stock valued at $9,856,000 after purchasing an additional 57,603 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Amphenol by 50.9% in the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock worth $17,477,000 after purchasing an additional 90,450 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In other news, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the sale, the chief financial officer now owns 218,116 shares in the company, valued at $14,997,656.16. This trade represents a 40.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Robert W. Baird upped their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. TD Cowen increased their price objective on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Evercore ISI lifted their target price on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Truist Financial upped their target price on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, 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. 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.63.

Amphenol Stock Down 1.3 %

Shares of APH opened at $73.32 on Tuesday. The company has a market capitalization of $88.40 billion, a price-to-earnings ratio of 42.14, a PEG ratio of 2.47 and a beta of 1.23. Amphenol Co. has a 52 week low of $44.81 and a 52 week high of $74.93. The stock’s 50-day moving average price is $67.85 and its 200-day moving average price is $66.47. 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 (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. Amphenol’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. On average, sell-side analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be given a $0.165 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.90%. Amphenol’s dividend payout ratio (DPR) is currently 37.93%.

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.