Davis R M Inc. Sells 29,885 Shares of Amphenol Co. (NYSE:APH)

Davis R M Inc. reduced its holdings in Amphenol Co. (NYSE:APH - Free Report) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,485,069 shares of the electronics maker's stock after selling 29,885 shares during the period. Amphenol makes up about 1.9% of Davis R M Inc.'s investment portfolio, making the stock its 11th largest position. Davis R M Inc. owned about 0.12% of Amphenol worth $96,767,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Beacon Capital Management LLC raised its holdings in Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC lifted its position in Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker's stock worth $25,000 after purchasing an additional 188 shares during the period. Sachetta LLC boosted its stake in Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker's stock worth $27,000 after buying an additional 249 shares in the last quarter. Trifecta Capital Advisors LLC increased its holdings in Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker's stock valued at $28,000 after buying an additional 338 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Amphenol in the 2nd quarter valued at $29,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amphenol

In other news, insider Peter Straub sold 132,000 shares of the firm's 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total value of $12,925,800.00. Following the sale, the vice president now directly owns 14,000 shares of the company's stock, valued at approximately $1,005,340. This trade represents a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Company insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Evercore ISI upped their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Robert W. Baird upped their price objective on Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Truist Financial boosted their price target on Amphenol from $76.00 to $82.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Bank of America increased their price objective on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Finally, TD Cowen boosted their target price on shares of Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and an average target price of $69.63.

Amphenol Price Performance

Shares of NYSE APH traded down $0.48 during trading on Monday, reaching $73.81. The company had a trading volume of 1,789,665 shares, compared to its average volume of 6,600,182. Amphenol Co. has a 52 week low of $44.81 and a 52 week high of $74.89. The business's 50 day moving average price is $67.65 and its 200-day moving average price is $66.40. The stock has a market cap of $88.99 billion, a PE ratio of 42.70, a PEG ratio of 2.47 and a beta of 1.23. 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 posted its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business's revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. Analysts expect that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.89%. Amphenol's dividend payout ratio is currently 37.93%.

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.