Orion Portfolio Solutions LLC Trims Holdings in Amphenol Co. (NYSE:APH)

Orion Portfolio Solutions LLC reduced its position in Amphenol Co. (NYSE:APH - Free Report) by 9.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 155,511 shares of the electronics maker's stock after selling 16,247 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Amphenol were worth $10,133,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of APH. Bank of New York Mellon Corp increased its stake in 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 buying an additional 17,552,921 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Amphenol by 69.1% in 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 buying an additional 9,487,387 shares during the period. Mawer Investment Management Ltd. grew 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 purchasing an additional 7,275,279 shares during the period. Legal & General Group Plc grew its stake 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 worth $662,458,000 after purchasing an additional 5,293,292 shares during the period. Finally, National Bank of Canada FI grew its stake in shares of Amphenol by 263.0% during the 2nd quarter. National Bank of Canada FI now owns 3,568,426 shares of the electronics maker's stock worth $240,935,000 after purchasing an additional 2,585,282 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APH has been the topic of a number of recent analyst reports. 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 research note on Thursday, October 24th. Evercore ISI boosted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. TD Cowen boosted their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Truist Financial boosted their price objective on shares of Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Robert W. Baird boosted their price objective on shares of Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.63.

Amphenol Trading Down 0.2 %

Shares of NYSE APH traded down $0.18 on Friday, reaching $74.21. 5,232,262 shares of the company traded hands, compared to its average volume of 5,573,978. Amphenol Co. has a fifty-two week low of $45.92 and a fifty-two week high of $74.93. The company has a 50 day moving average of $69.34 and a 200 day moving average of $66.96. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $89.47 billion, a PE ratio of 42.65, a P/E/G ratio of 2.47 and a beta of 1.24.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The firm had revenue of $4.04 billion during 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 revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. On average, equities research analysts forecast that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given 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 presently 37.93%.

Insider Buying and Selling

In other Amphenol 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 value of $9,783,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David M. Silverman sold 180,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the completion of the sale, the vice president now directly owns 14,000 shares of the company's stock, valued at $1,005,340. This trade represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by corporate insiders.

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.