Barclays PLC Sells 240,000 Shares of Amphenol Co. (NYSE:APH)

Barclays PLC lessened its holdings in Amphenol Co. (NYSE:APH - Free Report) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,843,764 shares of the electronics maker's stock after selling 240,000 shares during the quarter. Barclays PLC owned 0.57% of Amphenol worth $445,938,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC grew its position in shares of Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 206 shares during the period. New England Capital Financial Advisors LLC increased its position in Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker's stock worth $25,000 after buying an additional 188 shares during the last quarter. Sachetta LLC raised its stake in Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker's stock valued at $27,000 after buying an additional 249 shares during the period. Trifecta Capital Advisors LLC lifted its position in shares of Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker's stock valued at $28,000 after buying an additional 338 shares during the last quarter. Finally, New Millennium Group LLC bought a new position in shares of Amphenol during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Activity at Amphenol

In other Amphenol news, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction dated Tuesday, October 29th. The shares were 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. The trade was a 31.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock valued at $128,858,080 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. TD Cowen lifted their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Bank of America increased their target price on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Evercore ISI boosted their price target on Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Robert W. Baird lifted their target price on Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Truist Financial raised their price target on shares of Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $69.63.

Amphenol Price Performance

Shares of APH traded down $0.54 during midday trading on Monday, hitting $73.67. The company's stock had a trading volume of 6,797,864 shares, compared to its average volume of 6,572,817. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. Amphenol Co. has a one year low of $46.82 and a one year high of $74.93. The stock has a market capitalization of $88.82 billion, a price-to-earnings ratio of 42.65, a price-to-earnings-growth ratio of 2.47 and a beta of 1.24. The company's fifty day simple moving average is $69.34 and its two-hundred day simple moving average is $66.96.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The firm had revenue of $4.04 billion during 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 business's revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. As a group, equities analysts expect that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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

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.