Chesley Taft & Associates LLC Sells 5,646 Shares of Amphenol Co. (NYSE:APH)

Chesley Taft & Associates LLC decreased its stake in Amphenol Co. (NYSE:APH - Free Report) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 202,325 shares of the electronics maker's stock after selling 5,646 shares during the quarter. Chesley Taft & Associates LLC's holdings in Amphenol were worth $14,051,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Segment Wealth Management LLC raised its position in shares of Amphenol by 0.3% during the fourth quarter. Segment Wealth Management LLC now owns 151,335 shares of the electronics maker's stock worth $10,510,000 after purchasing an additional 507 shares during the period. Perpetual Ltd raised its holdings in Amphenol by 15.9% during the 4th quarter. Perpetual Ltd now owns 13,130 shares of the electronics maker's stock worth $912,000 after buying an additional 1,806 shares during the period. Ballentine Partners LLC boosted its holdings in shares of Amphenol by 2.9% in the fourth quarter. Ballentine Partners LLC now owns 28,754 shares of the electronics maker's stock valued at $1,997,000 after buying an additional 801 shares during the period. Addenda Capital Inc. increased its position in shares of Amphenol by 5.1% during the fourth quarter. Addenda Capital Inc. now owns 174,398 shares of the electronics maker's stock worth $12,136,000 after acquiring an additional 8,421 shares in the last quarter. Finally, New Hampshire Trust acquired a new stake in shares of Amphenol during the fourth quarter worth $200,000. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

APH has been the subject of a number of research reports. Evercore ISI increased their target price on Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Truist Financial increased their price objective on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Citigroup increased their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a report on Friday. Bank of America boosted their price target 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 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's stock. According to MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and a consensus target price of $69.79.

Amphenol Price Performance

Shares of Amphenol stock traded up $3.10 on Tuesday, reaching $72.52. 6,701,021 shares of the stock were exchanged, compared to its average volume of 6,126,692. The firm's 50 day moving average is $71.74 and its 200-day moving average is $67.76. The firm has a market cap of $87.44 billion, a PE ratio of 41.73, a P/E/G ratio of 1.89 and a beta of 1.24. 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 Co. has a one year low of $48.52 and a one year high of $75.78.

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

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Tuesday, December 17th. Amphenol's dividend payout ratio (DPR) is 37.93%.

Insider Buying and Selling

In other news, VP David M. Silverman sold 180,000 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the transaction, the vice president now owns 14,000 shares in the company, valued at approximately $963,760. The trade was a 92.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Straub sold 132,000 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. 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. 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.