Crossmark Global Holdings Inc. Sells 3,901 Shares of Amphenol Co. (NYSE:APH)

Crossmark Global Holdings Inc. lowered its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,983 shares of the electronics maker's stock after selling 3,901 shares during the period. Crossmark Global Holdings Inc.'s holdings in Amphenol were worth $7,152,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legal & General Group Plc grew its stake in shares of Amphenol by 116.6% in the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker's stock worth $662,458,000 after buying an additional 5,293,292 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of 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 worth $280,397,000 after purchasing an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP bought a new position in Amphenol in the 3rd quarter worth about $113,828,000. State Street Corp grew its position in Amphenol by 3.0% during the 3rd 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 last quarter. Finally, APG Asset Management N.V. increased its stake in Amphenol by 136.5% during the 2nd quarter. APG Asset Management N.V. now owns 2,564,548 shares of the electronics maker's stock valued at $161,207,000 after purchasing an additional 1,480,331 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on APH shares. Citigroup increased their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a report on Friday, January 17th. Bank of America lifted their target price on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Truist Financial increased their price objective on Amphenol from $76.00 to $82.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Robert W. Baird lifted their price target on shares of Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Evercore ISI increased their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amphenol has an average rating of "Moderate Buy" and a consensus target price of $69.79.

Insider Activity

In related news, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 300,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 directly owns 318,116 shares in the company, valued at approximately $22,764,380.96. This represents a 48.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock worth $128,858,080 over the last 90 days. Corporate insiders own 1.80% of the company's stock.

Amphenol Stock Performance

NYSE APH traded up $5.12 on Wednesday, hitting $77.84. 14,380,528 shares of the company traded hands, compared to its average volume of 7,132,444. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The business's 50 day moving average price is $71.75 and its 200-day moving average price is $67.79. The company has a market capitalization of $93.84 billion, a price-to-earnings ratio of 44.73, a P/E/G ratio of 1.89 and a beta of 1.24. Amphenol Co. has a 52-week low of $48.52 and a 52-week high of $78.25.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4,051,810 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The business's revenue was up 29.8% on a year-over-year basis. Equities analysts expect that Amphenol Co. will post 1.84 earnings per share for the current 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 paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.85%. The ex-dividend date was Tuesday, December 17th. Amphenol's payout ratio is currently 37.93%.

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.