Diversified Trust Co Sells 20,861 Shares of Amphenol Co. (NYSE:APH)

Diversified Trust Co cut its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 58.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,647 shares of the electronics maker's stock after selling 20,861 shares during the quarter. Diversified Trust Co's holdings in Amphenol were worth $1,017,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Trifecta Capital Advisors LLC raised its position in Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker's stock worth $28,000 after acquiring an additional 338 shares during the period. Sachetta LLC increased its stake in shares of Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker's stock worth $27,000 after purchasing an additional 249 shares during the last quarter. Bell Investment Advisors Inc raised its holdings in shares of Amphenol by 83.3% in the 2nd quarter. Bell Investment Advisors Inc now owns 462 shares of the electronics maker's stock worth $31,000 after purchasing an additional 210 shares during the period. Core Alternative Capital lifted its stake in Amphenol by 100.0% in the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker's stock valued at $31,000 after purchasing an additional 231 shares during the last quarter. Finally, Continuum Advisory LLC grew its holdings in Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after purchasing an additional 234 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

NYSE:APH traded up $0.40 during trading hours on Thursday, hitting $71.86. 7,296,364 shares of the company's stock traded hands, compared to its average volume of 5,248,893. Amphenol Co. has a 52 week low of $47.38 and a 52 week high of $75.78. The business's fifty day simple moving average is $71.95 and its two-hundred day simple moving average is $67.65. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The firm has a market cap of $86.64 billion, a P/E ratio of 41.30, a P/E/G ratio of 2.44 and a beta of 1.24.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. Amphenol's revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. On average, research analysts anticipate that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol's dividend payout ratio is currently 37.93%.

Analyst Ratings Changes

A number of brokerages have recently commented on APH. Truist Financial upped their price target 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 upped their price objective 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 lifted their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Robert W. Baird raised their price objective on shares of Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, TD Cowen lifted their price objective 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Amphenol has a consensus rating of "Moderate Buy" and an average price target of $69.63.

Insider Buying and Selling

In other news, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction dated 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 directly owns 218,116 shares in the company, valued at approximately $14,997,656.16. This represents a 40.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 900,672 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 1,934,848 shares of the company's stock, valued at $133,136,890.88. The trade was a 31.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,842,672 shares of company stock worth $128,858,080. Corporate insiders own 1.80% of the company's stock.

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.