Chartwell Investment Partners LLC trimmed its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 12.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,308 shares of the electronics maker's stock after selling 26,555 shares during the quarter. Chartwell Investment Partners LLC's holdings in Amphenol were worth $12,270,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Texas Permanent School Fund Corp increased its stake in shares of Amphenol by 61.1% during the second quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker's stock worth $13,458,000 after purchasing an additional 75,753 shares in the last quarter. United Services Automobile Association lifted its position in shares of Amphenol by 102.0% in the second quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker's stock valued at $2,154,000 after acquiring an additional 16,149 shares in the last quarter. Choreo LLC raised its stake in Amphenol by 556.7% in the 2nd quarter. Choreo LLC now owns 40,472 shares of the electronics maker's stock valued at $2,732,000 after purchasing an additional 34,309 shares during the last quarter. Angeles Wealth Management LLC boosted its stake in Amphenol by 102.4% during the 2nd quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker's stock worth $258,000 after purchasing an additional 1,936 shares during the last quarter. Finally, Czech National Bank grew its holdings in shares of Amphenol by 7.2% during the third quarter. Czech National Bank now owns 245,326 shares of the electronics maker's stock worth $15,985,000 after buying an additional 16,425 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.
In other news, VP Lance E. D'amico sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Lance E. D'amico sold 100,000 shares of the business's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares of the company's stock, valued at $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter Straub sold 132,000 shares of the firm'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 90 days, insiders have sold 2,242,672 shares of company stock worth $155,170,080. 1.80% of the stock is currently owned by insiders.
APH stock opened at $73.87 on Monday. The company's 50 day moving average price is $65.71 and its 200 day moving average price is $65.58. The firm has a market capitalization of $89.06 billion, a price-to-earnings ratio of 42.45, a PEG ratio of 2.40 and a beta of 1.23. Amphenol Co. has a fifty-two week low of $42.44 and a fifty-two week high of $74.60. 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 (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. The company had revenue of $4.04 billion for 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%. The company's quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. On average, equities research analysts anticipate that Amphenol Co. will post 1.84 EPS for the current fiscal year.
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 dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.89%. Amphenol's dividend payout ratio is currently 37.93%.
A number of research firms recently weighed in on APH. TD Cowen boosted their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Truist Financial raised their target price on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Bank of America lifted their target price on Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Robert W. Baird increased their price target on Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Evercore ISI boosted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Five investment 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $69.63.
Read Our Latest Analysis on APH
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.
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