Patton Fund Management Inc. Has $4.21 Million Stock Position in Amphenol Co. (NYSE:APH)

Patton Fund Management Inc. decreased its position in Amphenol Co. (NYSE:APH - Free Report) by 12.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 60,572 shares of the electronics maker's stock after selling 8,838 shares during the period. Patton Fund Management Inc.'s holdings in Amphenol were worth $4,207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APH. State Street Corp boosted its stake in shares of Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker's stock valued at $3,496,777,000 after buying an additional 1,537,880 shares during the period. Geode Capital Management LLC grew its stake in Amphenol by 2.3% in the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker's stock valued at $1,601,540,000 after purchasing an additional 564,991 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Amphenol by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker's stock valued at $427,363,000 after purchasing an additional 63,180 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Amphenol by 25.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker's stock worth $347,297,000 after purchasing an additional 1,073,480 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker's stock valued at $280,397,000 after buying an additional 2,032,402 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APH has been the topic of a number of research reports. Citigroup increased their price objective on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, January 17th. Truist Financial raised their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. The Goldman Sachs Group increased their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Bank of America boosted their price target on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Five investment 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $80.68.

Insiders Place Their Bets

In related news, VP David M. Silverman sold 180,000 shares of the business's 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 transaction, the vice president now owns 14,000 shares in the company, valued at approximately $1,005,340. The trade was a 92.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter Straub sold 132,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 612,000 shares of company stock valued at $44,177,640. Company insiders own 1.80% of the company's stock.

Amphenol Price Performance

Shares of NYSE APH traded down $0.92 during midday trading on Friday, reaching $70.75. 6,270,294 shares of the company traded hands, compared to its average volume of 7,508,724. The stock's 50-day simple moving average is $71.89 and its 200-day simple moving average is $68.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a 12 month low of $50.48 and a 12 month high of $79.39. The firm has a market cap of $85.29 billion, a PE ratio of 36.94, a PEG ratio of 2.13 and a beta of 1.24.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. The business's revenue for the quarter was up 29.8% on a year-over-year basis. As a group, equities analysts anticipate that Amphenol Co. will post 2.25 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.93%. Amphenol's payout ratio is presently 34.46%.

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.