Citigroup Inc. Has $89.78 Million Position in Amphenol Co. (NYSE:APH)

Citigroup Inc. lessened its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 13.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,377,887 shares of the electronics maker's stock after selling 218,168 shares during the quarter. Citigroup Inc. owned approximately 0.11% of Amphenol worth $89,783,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in APH. Bank of New York Mellon Corp lifted its stake in shares of Amphenol by 92.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker's stock valued at $2,468,301,000 after purchasing an additional 17,552,921 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Amphenol by 69.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker's stock worth $1,564,711,000 after buying an additional 9,487,387 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of Amphenol by 88.9% during the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker's stock worth $1,041,204,000 after acquiring an additional 7,275,279 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Amphenol by 116.6% during the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker's stock valued at $662,458,000 after acquiring an additional 5,293,292 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Amphenol by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker's stock worth $427,363,000 after purchasing an additional 63,180 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Transactions at Amphenol

In other news, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Craig A. Lampo sold 150,000 shares of the company'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 completion of the sale, the chief financial officer now owns 218,116 shares of the company's stock, valued at approximately $14,997,656.16. This represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by company insiders.

Amphenol Trading Up 1.4 %

APH stock traded up $1.05 during midday trading on Friday, reaching $74.29. The stock had a trading volume of 4,894,784 shares, compared to its average volume of 6,651,887. 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 twelve month low of $44.81 and a twelve month high of $74.70. The firm has a market cap of $89.56 billion, a price-to-earnings ratio of 42.70, a PEG ratio of 2.44 and a beta of 1.23. The business has a fifty day simple moving average of $67.65 and a two-hundred day simple moving average of $66.35.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business's revenue for the quarter was up 26.3% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share. As a group, research analysts expect that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Tuesday, December 17th. Amphenol's dividend payout ratio (DPR) is currently 37.93%.

Wall Street Analysts Forecast Growth

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

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.