Chesley Taft & Associates LLC Sells 5,646 Shares of Amphenol Co. (NYSE:APH)

Chesley Taft & Associates LLC trimmed its position in shares of Amphenol Co. (NYSE:APH) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 202,325 shares of the electronics maker’s stock after selling 5,646 shares during the period. Chesley Taft & Associates LLC’s holdings in Amphenol were worth $14,051,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of Amphenol in the 2nd quarter valued at $242,000. Intech Investment Management LLC increased its holdings in shares of Amphenol by 80.2% in the second quarter. Intech Investment Management LLC now owns 23,225 shares of the electronics maker’s stock worth $1,565,000 after buying an additional 10,337 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Amphenol by 12.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 246,615 shares of the electronics maker’s stock valued at $16,614,000 after acquiring an additional 27,159 shares during the period. AE Wealth Management LLC grew its position in Amphenol by 154.7% during the 2nd quarter. AE Wealth Management LLC now owns 7,690 shares of the electronics maker’s stock worth $518,000 after acquiring an additional 4,671 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in Amphenol by 79.4% in the 2nd quarter. Pacer Advisors Inc. now owns 139,065 shares of the electronics maker’s stock worth $9,369,000 after purchasing an additional 61,559 shares during the period. Institutional investors own 97.01% of the company’s stock.

Insider Activity

In other news, insider Peter Straub sold 132,000 shares of the firm’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 the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were 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 approximately $133,136,890.88. This trade represents a 31.76 % 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 worth $128,858,080 over the last 90 days. 1.80% of the stock is currently owned by insiders.

Amphenol Trading Down 0.6 %

NYSE:APH opened at $69.44 on Tuesday. The company’s 50-day simple moving average is $71.74 and its 200 day simple moving average is $67.76. Amphenol Co. has a one year low of $47.76 and a one year high of $75.78. The firm has a market capitalization of $83.71 billion, a P/E ratio of 39.91, a PEG ratio of 1.89 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 (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the company earned $0.39 EPS. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. As a group, analysts forecast that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on APH shares. 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 report 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 report on Friday, October 25th. Citigroup boosted their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday. Truist Financial raised their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, 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. Five investment 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.79.

Amphenol Company 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.