Amphenol Co. (NYSE:APH) Shares Sold by KBC Group NV

KBC Group NV decreased its stake in Amphenol Co. (NYSE:APH) by 26.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 572,381 shares of the electronics maker’s stock after selling 205,388 shares during the period. KBC Group NV’s holdings in Amphenol were worth $39,752,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of APH. Jacobs Levy Equity Management Inc. increased its position in Amphenol by 89.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after acquiring an additional 2,032,402 shares during the period. Two Sigma Advisers LP purchased a new position in shares of Amphenol in the 3rd quarter valued at approximately $113,828,000. State Street Corp increased its holdings in shares of Amphenol by 3.0% in the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after purchasing an additional 1,537,880 shares during the period. Point72 Asset Management L.P. raised its stake in shares of Amphenol by 151.7% during the third quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker’s stock worth $144,047,000 after purchasing an additional 1,332,298 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Amphenol by 157.2% during the third quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker’s stock worth $125,899,000 after purchasing an additional 1,180,944 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Shares of APH opened at $67.49 on Tuesday. Amphenol Co. has a 12-month low of $49.97 and a 12-month high of $79.39. The stock has a market cap of $81.36 billion, a P/E ratio of 35.24, a PEG ratio of 2.12 and a beta of 1.24. The company has a current ratio of 2.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average of $72.12 and a two-hundred day moving average of $67.98.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4,051,810 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, research analysts predict that Amphenol Co. will post 2.17 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s payout ratio is 34.46%.

Wall Street Analyst Weigh In

APH has been the topic of several analyst reports. Robert W. Baird lifted their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Truist Financial lifted their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group lifted their price target on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Citigroup boosted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Five research 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 stock. According to MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Insider Buying and Selling at Amphenol

In other news, insider Peter Straub sold 132,000 shares of Amphenol 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Craig A. Lampo sold 300,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total value of $21,468,000.00. Following the transaction, the chief financial officer now owns 318,116 shares in the company, valued at $22,764,380.96. This trade represents a 48.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 612,000 shares of company stock worth $44,177,640. Corporate insiders own 1.80% of the company’s stock.

Amphenol 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.