Logan Capital Management Inc. Trims Stake in Amphenol Co. (NYSE:APH)

Logan Capital Management Inc. trimmed its position in Amphenol Co. (NYSE:APH) by 1.4% during the third quarter, HoldingsChannel.com reports. The firm owned 568,710 shares of the electronics maker’s stock after selling 8,320 shares during the quarter. Amphenol accounts for approximately 1.5% of Logan Capital Management Inc.’s investment portfolio, making the stock its 10th biggest holding. Logan Capital Management Inc.’s holdings in Amphenol were worth $37,057,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Oddo BHF Asset Management Sas bought a new stake in shares of Amphenol during the third quarter worth $9,614,000. Tidal Investments LLC lifted its stake in Amphenol by 464.6% during the 3rd quarter. Tidal Investments LLC now owns 396,066 shares of the electronics maker’s stock valued at $25,808,000 after acquiring an additional 325,912 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Amphenol in the third quarter valued at approximately $2,277,000. Virtu Financial LLC bought a new position in shares of Amphenol during the 3rd quarter valued at approximately $582,000. Finally, Unigestion Holding SA lifted its position in shares of Amphenol by 3,502.4% during the 3rd quarter. Unigestion Holding SA now owns 522,670 shares of the electronics maker’s stock valued at $34,047,000 after buying an additional 508,161 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction dated Tuesday, October 29th. The stock was 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 owns 1,934,848 shares of the company’s stock, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David M. Silverman sold 180,000 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the completion of the transaction, the vice president now owns 14,000 shares in the company, valued at approximately $963,760. The trade was a 92.78 % decrease in their position. 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 ninety days. Corporate insiders own 1.80% of the company’s stock.

Amphenol Stock Up 1.1 %

Shares of APH stock traded up $0.81 during mid-day trading on Friday, hitting $74.41. 230,374 shares of the stock traded hands, compared to its average volume of 6,533,198. The stock’s fifty day moving average is $70.15 and its two-hundred day moving average is $67.12. The stock has a market cap of $89.71 billion, a P/E ratio of 42.30, a P/E/G ratio of 2.44 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. Amphenol Co. has a 52-week low of $46.94 and a 52-week high of $74.93.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The firm had revenue of $4.04 billion for 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%. The firm’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. Equities analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on APH. Truist Financial boosted their price objective on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Evercore ISI increased their target price on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. TD Cowen raised their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Bank of America raised their price target on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, Robert W. Baird raised their price target on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently 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.