Logan Capital Management Inc. Has $37.06 Million Stake in Amphenol Co. (NYSE:APH)

Logan Capital Management Inc. cut its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 1.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 568,710 shares of the electronics maker's stock after selling 8,320 shares during the period. Amphenol accounts for approximately 1.5% of Logan Capital Management Inc.'s holdings, making the stock its 10th biggest holding. Logan Capital Management Inc.'s holdings in Amphenol were worth $37,057,000 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. Oddo BHF Asset Management Sas purchased a new position in Amphenol in the third quarter valued at approximately $9,614,000. Tidal Investments LLC increased its position in shares of Amphenol by 464.6% in the third quarter. Tidal Investments LLC now owns 396,066 shares of the electronics maker's stock worth $25,808,000 after acquiring an additional 325,912 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Amphenol in the 3rd quarter valued at $2,277,000. Virtu Financial LLC acquired a new position in shares of Amphenol during the 3rd quarter valued at $582,000. Finally, Unigestion Holding SA boosted its position in Amphenol by 3,502.4% during the 3rd quarter. Unigestion Holding SA now owns 522,670 shares of the electronics maker's stock worth $34,047,000 after purchasing an additional 508,161 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Up 0.0 %

Shares of APH stock traded up $0.03 during trading hours on Friday, hitting $73.63. 5,437,366 shares of the company were exchanged, compared to its average volume of 6,555,143. The stock has a market capitalization of $88.77 billion, a price-to-earnings ratio of 42.32, a P/E/G ratio of 2.44 and a beta of 1.24. Amphenol Co. has a one year low of $46.94 and a one year high of $74.93. The business's 50-day simple moving average is $70.37 and its two-hundred day simple moving average is $67.16. 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 issued its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the firm earned $0.39 EPS. The business's revenue was up 26.3% on a year-over-year basis. Sell-side analysts predict that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol's dividend payout ratio is presently 37.93%.

Insider Buying and Selling

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the company's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction 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 represents a 31.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 218,116 shares in the company, valued at approximately $14,997,656.16. This represents a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock worth $128,858,080 over the last quarter. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Truist Financial boosted 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. Robert W. Baird boosted their price target on Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. 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. Bank of America boosted their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Finally, TD Cowen raised their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a report on Friday, October 25th. Five 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 an average rating of "Moderate Buy" and a consensus price target of $69.63.

About Amphenol

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.