Howe & Rusling Inc. Has $8.39 Million Holdings in Amphenol Co. (NYSE:APH)

Howe & Rusling Inc. trimmed its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 29.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,681 shares of the electronics maker's stock after selling 53,087 shares during the quarter. Howe & Rusling Inc.'s holdings in Amphenol were worth $8,385,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp grew its position in Amphenol by 92.0% during the second 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 buying an additional 17,552,921 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Amphenol by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,224,036 shares of the electronics maker's stock valued at $3,601,694,000 after buying an additional 1,979,022 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Amphenol by 69.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker's stock valued at $1,564,711,000 after acquiring an additional 9,487,387 shares during the period. Mawer Investment Management Ltd. boosted its stake in shares of Amphenol by 88.9% in the second quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker's stock valued at $1,041,204,000 after purchasing an additional 7,275,279 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Amphenol by 116.6% during the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker's stock worth $662,458,000 after buying an additional 5,293,292 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Performance

APH stock traded down $0.09 during mid-day trading on Wednesday, reaching $70.89. The company had a trading volume of 4,016,293 shares, compared to its average volume of 6,631,044. 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 stock's 50-day simple moving average is $67.06 and its two-hundred day simple moving average is $66.19. The stock has a market capitalization of $85.47 billion, a P/E ratio of 40.80, a P/E/G ratio of 2.34 and a beta of 1.23. Amphenol Co. has a one year low of $44.72 and a one year high of $74.70.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company's quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. Research analysts anticipate that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The firm 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 dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.93%. Amphenol's dividend payout ratio (DPR) is 37.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on APH shares. TD Cowen increased their price target on Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Truist Financial boosted their target price on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Robert W. Baird upped their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Vertical Research started coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a "hold" rating and a $65.00 target price for the company. Finally, Bank of America lifted 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. Five investment 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, Amphenol has an average rating of "Moderate Buy" and a consensus price target of $69.63.

Insider Buying and Selling at Amphenol

In related news, insider Peter Straub sold 132,000 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 1,934,848 shares of the company's stock, valued at approximately $133,136,890.88. This represents 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 worth $128,858,080 over the last three months. Corporate insiders own 1.80% of the company's stock.

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.