Greenwood Capital Associates LLC Decreases Stake in Amphenol Co. (NYSE:APH)

Greenwood Capital Associates LLC decreased its holdings in Amphenol Co. (NYSE:APH) by 1.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 104,920 shares of the electronics maker’s stock after selling 1,867 shares during the period. Greenwood Capital Associates LLC’s holdings in Amphenol were worth $7,287,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of APH. Blue Trust Inc. increased its position in shares of Amphenol by 208.8% during the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock worth $1,765,000 after acquiring an additional 18,322 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in 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 period. LMR Partners LLP increased its stake in Amphenol by 315.1% during the third quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock valued at $19,209,000 after purchasing an additional 223,784 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Amphenol by 22.3% during the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock worth $6,966,000 after purchasing an additional 19,496 shares during the period. Finally, Spire Wealth Management lifted its position in shares of Amphenol by 34.1% in the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock worth $6,836,000 after buying an additional 25,007 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 300,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total transaction of $21,468,000.00. Following the transaction, the chief financial officer now directly owns 318,116 shares of the company’s stock, valued at $22,764,380.96. This represents a 48.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the completion of the transaction, the vice president now owns 14,000 shares in the company, valued at $1,005,340. The trade was a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 612,000 shares of company stock worth $44,177,640. 1.80% of the stock is currently owned by company insiders.

Amphenol Stock Down 1.0 %

Shares of NYSE:APH opened at $69.45 on Tuesday. Amphenol Co. has a 52 week low of $51.03 and a 52 week high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The company has a market cap of $83.73 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. The firm has a 50 day simple moving average of $71.89 and a 200 day simple moving average of $68.01.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. Amphenol’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, research analysts expect that Amphenol Co. will post 2.26 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is presently 34.46%.

Wall Street Analyst Weigh In

APH has been the topic of several research reports. Bank of America increased their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. TD Cowen increased their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Truist Financial boosted their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird lifted their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

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.