Amphenol Co. (NYSE:APH) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC cut its stake in Amphenol Co. (NYSE:APHFree Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,498 shares of the electronics maker’s stock after selling 200 shares during the period. Schechter Investment Advisors LLC’s holdings in Amphenol were worth $644,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC increased its holdings in shares of Amphenol by 95,441.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,868,807 shares of the electronics maker’s stock worth $1,055,971,000 after acquiring an additional 13,854,291 shares during the period. Norges Bank bought a new position in Amphenol in the 4th quarter valued at about $653,884,000. Morgan Stanley grew its position in Amphenol by 44.1% in the 4th quarter. Morgan Stanley now owns 10,811,475 shares of the electronics maker’s stock valued at $823,186,000 after buying an additional 3,310,939 shares in the last quarter. State Street Corp grew its position in Amphenol by 5.7% in the 2nd quarter. State Street Corp now owns 26,214,089 shares of the electronics maker’s stock valued at $2,232,289,000 after buying an additional 1,419,808 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Amphenol by 55.2% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,376,669 shares of the electronics maker’s stock valued at $199,616,000 after buying an additional 845,637 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Price Performance

APH stock opened at $115.38 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47. Amphenol Co. has a one year low of $72.00 and a one year high of $119.59. The firm has a market capitalization of $69.21 billion, a PE ratio of 37.10, a P/E/G ratio of 3.23 and a beta of 1.30. The firm has a 50-day moving average of $106.57 and a two-hundred day moving average of $95.13.

Amphenol (NYSE:APHGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.16 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 earnings per share. On average, analysts forecast that Amphenol Co. will post 3.28 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. Amphenol’s dividend payout ratio is 28.30%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on APH. Citigroup began coverage on shares of Amphenol in a research report on Friday, January 5th. They issued a “buy” rating and a $117.00 target price for the company. Robert W. Baird raised their price objective on shares of Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Truist Financial raised their price objective on shares of Amphenol from $97.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, December 15th. The Goldman Sachs Group raised their price objective on shares of Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, Stifel Nicolaus raised their price objective on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target of $104.40.

Read Our Latest Stock Analysis on Amphenol

Insider Activity at Amphenol

In related news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The disclosure for this sale can be found here. Insiders sold 305,000 shares of company stock valued at $31,846,050 over the last ninety days. 2.22% of the stock is owned by insiders.

About Amphenol

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Co. (NYSE:APHFree Report).

Institutional Ownership by Quarter for Amphenol (NYSE:APH)

Receive News & Ratings for Amphenol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol and related companies with MarketBeat.com's FREE daily email newsletter.