Federated Hermes Inc. Sells 249 Shares of Amphenol Co. (NYSE:APH)

Federated Hermes Inc. trimmed its position in Amphenol Co. (NYSE:APH) by 8.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,820 shares of the electronics maker’s stock after selling 249 shares during the quarter. Federated Hermes Inc.’s holdings in Amphenol were worth $280,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in APH. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Amphenol by 108.1% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 874 shares of the electronics maker’s stock worth $87,000 after acquiring an additional 454 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Amphenol by 7.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 67,626 shares of the electronics maker’s stock valued at $6,704,000 after purchasing an additional 4,553 shares during the last quarter. Avior Wealth Management LLC boosted its position in Amphenol by 70.8% in the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after buying an additional 138 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Amphenol by 19.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 118,992 shares of the electronics maker’s stock worth $11,796,000 after buying an additional 19,489 shares during the last quarter. Finally, SVB Wealth LLC increased its holdings in shares of Amphenol by 43.6% during the fourth quarter. SVB Wealth LLC now owns 6,615 shares of the electronics maker’s stock worth $656,000 after buying an additional 2,010 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on APH. Stifel Nicolaus upped their target price on Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. UBS Group upped their price objective on Amphenol from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Evercore ISI lifted their target price on shares of Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Finally, Citigroup lifted their price target on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $118.83.

Amphenol Stock Performance

Shares of APH opened at $122.64 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.43 and a debt-to-equity ratio of 0.41. The firm’s fifty day simple moving average is $113.58 and its two-hundred day simple moving average is $101.01. Amphenol Co. has a 12 month low of $72.77 and a 12 month high of $123.60. The stock has a market capitalization of $73.66 billion, a P/E ratio of 37.50, a price-to-earnings-growth ratio of 3.07 and a beta of 1.27.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, beating the consensus estimate of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, analysts predict that Amphenol Co. will post 3.35 EPS for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 18th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.72%. Amphenol’s payout ratio is presently 26.91%.

Amphenol declared that its Board of Directors has authorized a stock buyback plan on Wednesday, April 24th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the transaction, the chief financial officer now owns 147,045 shares in the company, valued at $15,391,200.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the sale, the chief financial officer now owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lance E. D’amico sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the transaction, the vice president now directly owns 25,700 shares in the company, valued at $2,692,075. The disclosure for this sale can be found here. Insiders have sold a total of 135,000 shares of company stock valued at $14,251,050 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

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.