Wedge Capital Management L L P NC Has $63.16 Million Stake in Amphenol Co. (NYSE:APH)

Wedge Capital Management L L P NC decreased its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 909,370 shares of the electronics maker's stock after selling 21,421 shares during the period. Amphenol comprises about 1.1% of Wedge Capital Management L L P NC's portfolio, making the stock its 21st largest holding. Wedge Capital Management L L P NC owned approximately 0.08% of Amphenol worth $63,156,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of APH. Daiwa Securities Group Inc. boosted its position in Amphenol by 50.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker's stock valued at $17,477,000 after purchasing an additional 90,450 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Amphenol by 22.3% during the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker's stock valued at $6,966,000 after acquiring an additional 19,496 shares during the period. LMR Partners LLP grew its position in shares of Amphenol by 315.1% during the third quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker's stock worth $19,209,000 after acquiring an additional 223,784 shares during the last quarter. Whalen Wealth Management Inc. acquired a new stake in shares of Amphenol in the 3rd quarter worth about $484,000. Finally, Czech National Bank lifted its position in 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. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Amphenol Trading Down 0.6 %

Shares of APH traded down $0.42 during midday trading on Friday, hitting $69.44. The stock had a trading volume of 9,780,875 shares, compared to its average volume of 5,171,896. The business has a 50-day simple moving average of $71.82 and a two-hundred day simple moving average of $67.74. The firm has a market cap of $83.71 billion, a P/E ratio of 39.91, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. Amphenol Co. has a fifty-two week low of $47.76 and a fifty-two week high of $75.78.

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 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 analysts' expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company's quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. As a group, equities analysts forecast that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.95%. Amphenol's dividend payout ratio (DPR) is presently 37.93%.

Insider Activity

In other news, CFO Craig A. Lampo sold 150,000 shares of the business's stock in a transaction on Tuesday, October 29th. The shares were 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 directly owns 218,116 shares in the company, valued at $14,997,656.16. The trade was a 40.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard Adam Norwitt sold 900,672 shares of the 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 sale, the chief executive officer now 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. Insiders have sold 1,842,672 shares of company stock worth $128,858,080 in the last 90 days. Company insiders own 1.80% of the company's stock.

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.