Amphenol Co. (NYSE:APH) is Mountain Pacific Investment Advisers LLC’s 2nd Largest Position

Mountain Pacific Investment Advisers LLC cut its stake in shares of Amphenol Co. (NYSE:APH) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,099,807 shares of the electronics maker’s stock after selling 18,318 shares during the period. Amphenol accounts for about 5.4% of Mountain Pacific Investment Advisers LLC’s portfolio, making the stock its 2nd biggest position. Mountain Pacific Investment Advisers LLC’s holdings in Amphenol were worth $76,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Trifecta Capital Advisors LLC boosted its stake in shares of Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares during the period. Core Alternative Capital boosted its position in shares of Amphenol by 100.0% during the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock valued at $31,000 after buying an additional 231 shares during the period. Continuum Advisory LLC grew its stake in shares of Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in Amphenol by 100.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock valued at $44,000 after acquiring an additional 324 shares during the period. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Amphenol

In related news, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol 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 directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. This represents a 31.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Truist Financial lifted their target price on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Robert W. Baird boosted their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Evercore ISI raised their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. TD Cowen boosted their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Bank of America raised their price objective on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report 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’s stock. Based on data from MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and an average price target of $69.79.

Amphenol Stock Performance

APH stock opened at $69.44 on Tuesday. The firm has a 50-day simple moving average of $71.82 and a two-hundred day simple moving average of $67.75. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol Co. has a one year low of $47.76 and a one year high of $75.78. The firm has a market cap of $83.71 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 2.01 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate 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 net margin of 15.40% and a return on equity of 24.68%. Amphenol’s revenue was up 26.3% compared to the same quarter last year. During the same period last year, the firm earned $0.39 earnings per share. On average, equities analysts forecast that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 37.93%.

About Amphenol

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.