Hanseatic Management Services Inc. Sells 11,906 Shares of Amphenol Co. (NYSE:APH)

Hanseatic Management Services Inc. decreased its position in Amphenol Co. (NYSE:APH - Free Report) by 90.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,249 shares of the electronics maker's stock after selling 11,906 shares during the quarter. Hanseatic Management Services Inc.'s holdings in Amphenol were worth $87,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Trifecta Capital Advisors LLC lifted its position in Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker's stock worth $28,000 after buying an additional 338 shares in the last quarter. Core Alternative Capital raised its holdings in Amphenol by 100.0% during the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker's stock worth $31,000 after acquiring an additional 231 shares in the last quarter. Continuum Advisory LLC boosted its position 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 last quarter. Brown Brothers Harriman & Co. grew its stake in Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock valued at $32,000 after purchasing an additional 166 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its position in shares of Amphenol by 100.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker's stock worth $44,000 after purchasing an additional 324 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Truist Financial boosted their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Evercore ISI upped their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Bank of America boosted their price target on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Robert W. Baird raised their price objective on Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $69.79.

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 shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock valued at $128,858,080 over the last quarter. 1.80% of the stock is owned by company insiders.

Amphenol Stock Performance

NYSE:APH traded down $0.42 during mid-day trading on Friday, reaching $69.44. 9,780,875 shares of the company's stock were exchanged, compared to its average volume of 5,171,896. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The firm has a market capitalization of $83.71 billion, a PE ratio of 39.91, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24. Amphenol Co. has a one year low of $47.76 and a one year high of $75.78. The business's fifty day simple moving average is $71.82 and its two-hundred day simple moving average is $67.75.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.81 billion. During the same period in the previous year, the company posted $0.39 earnings per share. The firm's revenue for the quarter was up 26.3% compared to the same quarter last year. Analysts anticipate that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Tuesday, December 17th. Amphenol's dividend payout ratio (DPR) is presently 37.93%.

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.