Avity Investment Management Inc. Has $47.54 Million Stock Position in Amphenol Co. (NYSE:APH)

Avity Investment Management Inc. cut its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 0.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 684,501 shares of the electronics maker's stock after selling 4,986 shares during the period. Amphenol comprises approximately 3.7% of Avity Investment Management Inc.'s holdings, making the stock its 7th largest position. Avity Investment Management Inc. owned approximately 0.06% of Amphenol worth $47,539,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its holdings in Amphenol by 50.9% in the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker's stock worth $17,477,000 after buying an additional 90,450 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Amphenol by 22.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker's stock worth $6,966,000 after purchasing an additional 19,496 shares during the last quarter. LMR Partners LLP raised its holdings in shares of Amphenol by 315.1% during the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker's stock valued at $19,209,000 after purchasing an additional 223,784 shares in the last quarter. Czech National Bank lifted its stake in shares of Amphenol by 7.2% in the 3rd quarter. Czech National Bank now owns 245,326 shares of the electronics maker's stock valued at $15,985,000 after purchasing an additional 16,425 shares during the last quarter. Finally, Whalen Wealth Management Inc. acquired a new stake in shares of Amphenol in the 3rd quarter valued at $484,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Insiders Place Their Bets

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of the business's stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David M. Silverman sold 180,000 shares of the firm's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the completion of the sale, the vice president now owns 14,000 shares of the company's stock, valued at approximately $963,760. This trade represents a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock worth $128,858,080 over the last three months. 1.80% of the stock is currently owned by corporate insiders.

Amphenol Stock Performance

APH traded up $0.65 during trading on Wednesday, reaching $70.92. 6,061,070 shares of the company's stock were exchanged, compared to its average volume of 5,588,324. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $72.01 and a 200 day moving average price of $67.69. Amphenol Co. has a fifty-two week low of $47.38 and a fifty-two week high of $75.78. The company has a market capitalization of $85.50 billion, a P/E ratio of 40.76, a PEG ratio of 2.44 and a beta of 1.24.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.81 billion. During the same quarter last year, the company earned $0.39 earnings per share. The company's revenue for the quarter was up 26.3% compared to the same quarter last year. As a group, analysts predict that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol's dividend payout ratio (DPR) is 37.93%.

Analyst Ratings Changes

Several equities analysts have weighed in on APH shares. Robert W. Baird raised their target price on Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Evercore ISI boosted their target price on Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. TD Cowen boosted their target price 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 lifted their price objective on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Bank of America upped their price target on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $69.63.

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.