Amphenol Co. (NYSE:APH) Shares Sold by Quest Partners LLC

Quest Partners LLC lessened its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 51.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,930 shares of the electronics maker's stock after selling 21,381 shares during the period. Quest Partners LLC's holdings in Amphenol were worth $1,299,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Beacon Capital Management LLC increased its holdings in shares of Amphenol by 121.2% during the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC increased its stake in Amphenol by 100.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker's stock valued at $25,000 after purchasing an additional 188 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Amphenol in the second quarter worth $29,000. Trifecta Capital Advisors LLC lifted its stake in shares of Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker's stock worth $28,000 after buying an additional 338 shares during the period. Finally, Sachetta LLC grew its holdings in shares of Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker's stock valued at $27,000 after buying an additional 249 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Price Performance

APH traded down $0.07 on Wednesday, hitting $70.91. 4,024,908 shares of the company's stock were exchanged, compared to its average volume of 6,631,049. The firm has a 50-day moving average price of $67.06 and a 200-day moving average price of $66.19. 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 cap of $85.49 billion, a price-to-earnings ratio of 40.80, a P/E/G ratio of 2.34 and a beta of 1.23. Amphenol Co. has a fifty-two week low of $44.72 and a fifty-two week high of $74.70.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The business's revenue was up 26.3% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. As a group, equities analysts anticipate that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have commented on APH shares. TD Cowen lifted their price target on Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Truist Financial lifted their target price on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Evercore ISI increased their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Bank of America lifted their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. Finally, Vertical Research assumed coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They set a "hold" rating and a $65.00 target price on the stock. Five equities 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's stock. According to data from MarketBeat.com, Amphenol currently has a consensus rating of "Moderate Buy" and an average target price of $69.63.

Insider Buying and Selling

In other news, insider Peter Straub sold 132,000 shares of the company's 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 document filed with the SEC, which is available through this link. 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 completion of the sale, the chief executive officer now owns 1,934,848 shares of the company's stock, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by 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.