Avity Investment Management Inc. Reduces Holdings in Amphenol Co. (NYSE:APH)

Avity Investment Management Inc. lessened its stake in shares of Amphenol Co. (NYSE:APH) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 684,501 shares of the electronics maker’s stock after selling 4,986 shares during the period. Amphenol makes up about 3.7% of Avity Investment Management Inc.’s investment portfolio, making the stock its 7th largest holding. Avity Investment Management Inc.’s holdings in Amphenol were worth $47,539,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of Amphenol by 12.2% during the second quarter. American Century Companies Inc. now owns 646,034 shares of the electronics maker’s stock valued at $43,523,000 after buying an additional 70,465 shares during the last quarter. Federated Hermes Inc. boosted its stake in Amphenol by 4,215.3% during the 2nd quarter. Federated Hermes Inc. now owns 117,678 shares of the electronics maker’s stock valued at $7,928,000 after purchasing an additional 114,951 shares during the last quarter. Thoroughbred Financial Services LLC bought a new stake in shares of Amphenol in the 2nd quarter worth $407,000. Wealthspire Advisors LLC raised its stake in shares of Amphenol by 80.9% in the second quarter. Wealthspire Advisors LLC now owns 4,740 shares of the electronics maker’s stock worth $319,000 after purchasing an additional 2,120 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in shares of Amphenol by 91.9% during the second quarter. J.W. Cole Advisors Inc. now owns 3,819 shares of the electronics maker’s stock valued at $257,000 after purchasing an additional 1,829 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

NYSE APH opened at $70.11 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The business’s fifty day moving average is $72.01 and its 200 day moving average is $67.69. The company has a market capitalization of $84.53 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 2.44 and a beta of 1.24. Amphenol Co. has a fifty-two week low of $47.38 and a fifty-two week high of $75.78.

Amphenol (NYSE:APH) last announced its quarterly earnings data 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. 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 the consensus estimate of $3.81 billion. During the same period in the previous year, the company posted $0.39 EPS. The firm’s revenue was up 26.3% on a year-over-year basis. Sell-side analysts predict that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. Amphenol’s payout ratio is 37.93%.

Insider Activity at Amphenol

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. The trade was a 31.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on APH. Evercore ISI boosted their target price on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Bank of America boosted their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Robert W. Baird lifted their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Truist Financial boosted their target price on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, TD Cowen raised their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

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.