iA Global Asset Management Inc. Decreases Stake in Amphenol Co. (NYSE:APH)

iA Global Asset Management Inc. trimmed its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 51.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,506 shares of the electronics maker's stock after selling 116,144 shares during the quarter. iA Global Asset Management Inc.'s holdings in Amphenol were worth $7,266,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APH. EP Wealth Advisors LLC lifted its position in Amphenol by 176.9% in the third quarter. EP Wealth Advisors LLC now owns 11,089 shares of the electronics maker's stock worth $723,000 after buying an additional 7,084 shares during the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of Amphenol by 38.0% in the third quarter. Kovitz Investment Group Partners LLC now owns 486,144 shares of the electronics maker's stock valued at $30,728,000 after acquiring an additional 133,858 shares during the period. Wallace Capital Management Inc. bought a new stake in shares of Amphenol in the 3rd quarter worth about $209,000. Two Sigma Advisers LP purchased a new position in shares of Amphenol during the 3rd quarter worth about $113,828,000. Finally, Temasek Holdings Private Ltd bought a new position in Amphenol during the 3rd quarter valued at about $3,240,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Stock Down 0.2 %

Amphenol stock traded down $0.18 during midday trading on Friday, hitting $74.21. 5,232,262 shares of the company's stock were exchanged, compared to its average volume of 5,573,978. 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 company has a market cap of $89.47 billion, a PE ratio of 42.65, a P/E/G ratio of 2.47 and a beta of 1.24. The firm has a 50-day moving average of $69.34 and a two-hundred day moving average of $66.96. Amphenol Co. has a 12 month low of $45.92 and a 12 month high of $74.93.

Amphenol (NYSE:APH - Get Free Report) last released 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 the consensus estimate of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company's quarterly revenue 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, analysts expect that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on APH. Robert W. Baird raised their price objective on shares of Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. TD Cowen raised their price target on Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Evercore ISI upped their price objective on Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Truist Financial lifted their target price on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Bank of America upped their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Five 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 company. According to data from MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and an average price target of $69.63.

Insider Activity at Amphenol

In related news, insider Peter Straub sold 132,000 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the transaction, the vice president now directly owns 14,000 shares in the company, valued at $963,760. This represents a 92.78 % decrease in their ownership of the stock. 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 over the last quarter. 1.80% of the stock is owned by corporate insiders.

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.