Franklin Resources Inc. Has $463.21 Million Position in Amphenol Co. (NYSE:APH)

Franklin Resources Inc. reduced its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,874,567 shares of the electronics maker's stock after selling 756,082 shares during the quarter. Franklin Resources Inc. owned 0.57% of Amphenol worth $463,208,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Diversified Trust Co acquired a new stake in shares of Amphenol in the 2nd quarter valued at about $222,000. Naples Global Advisors LLC bought a new position in Amphenol during the 2nd quarter worth approximately $216,000. Portside Wealth Group LLC grew its position in shares of Amphenol by 89.9% in the 2nd quarter. Portside Wealth Group LLC now owns 3,571 shares of the electronics maker's stock worth $241,000 after acquiring an additional 1,691 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Amphenol by 291.4% in the 2nd quarter. Blue Trust Inc. now owns 1,687 shares of the electronics maker's stock valued at $114,000 after acquiring an additional 1,256 shares during the last quarter. Finally, Stanley Laman Group Ltd. raised its position in shares of Amphenol by 100.0% during the 2nd quarter. Stanley Laman Group Ltd. now owns 4,208 shares of the electronics maker's stock valued at $283,000 after acquiring an additional 2,104 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on APH. Bank of America lifted their price target on shares of Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. Evercore ISI upped their target price on Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Truist Financial boosted 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 boosted their price target on shares of Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a report 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 research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amphenol has a consensus rating of "Moderate Buy" and an average price target of $69.63.

Insiders Place Their Bets

In other news, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the transaction, the chief financial officer now owns 218,116 shares in the company, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of the 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 sale, the chief executive officer now directly owns 1,934,848 shares of the company's stock, valued at approximately $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Company insiders own 1.80% of the company's stock.

Amphenol Price Performance

Shares of APH traded up $0.03 during midday trading on Friday, reaching $73.63. The stock had a trading volume of 5,437,366 shares, compared to its average volume of 6,555,143. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The company has a market capitalization of $88.77 billion, a P/E ratio of 42.32, a P/E/G ratio of 2.44 and a beta of 1.24. The firm's 50 day moving average price is $70.37 and its 200-day moving average price is $67.16. Amphenol Co. has a 52 week low of $46.94 and a 52 week high of $74.93.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The firm's revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. On average, analysts forecast 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 will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.90%. 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.