Stifel Financial Corp Trims Stake in Amphenol Co. (NYSE:APH)

Stifel Financial Corp cut its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,769,637 shares of the electronics maker's stock after selling 245,024 shares during the quarter. Stifel Financial Corp owned 0.56% of Amphenol worth $441,110,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Beacon Capital Management LLC grew its position in 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 purchasing an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC raised its holdings in shares of Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker's stock worth $25,000 after acquiring an additional 188 shares in the last quarter. Sachetta LLC boosted its position in 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 purchasing an additional 249 shares during the last quarter. Trifecta Capital Advisors LLC grew its stake in Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker's stock valued at $28,000 after purchasing an additional 338 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in Amphenol in the 2nd quarter worth about $29,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on APH. Evercore ISI lifted their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Robert W. Baird upped their price target on shares of Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Bank of America increased their price target on Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Truist Financial upped their price objective on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, TD Cowen raised their target price on shares of Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amphenol currently has a consensus rating of "Moderate Buy" and an average price target of $69.63.

Amphenol Stock Performance

NYSE APH remained flat at $74.40 during mid-day trading on Thursday. 6,688,904 shares of the company traded hands, compared to its average volume of 6,577,553. The stock has a market capitalization of $89.70 billion, a price-to-earnings ratio of 42.75, a price-to-earnings-growth ratio of 2.43 and a beta of 1.24. The firm's fifty day moving average price is $68.98 and its 200 day moving average price is $66.86. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. Amphenol Co. has a twelve month low of $45.92 and a twelve month high of $74.93.

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

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.89%. Amphenol's dividend payout ratio is presently 37.93%.

Insider Activity at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the company's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the sale, the vice president now directly owns 14,000 shares in the company, valued at $963,760. This represents a 92.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Craig A. Lampo sold 150,000 shares of the firm's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the sale, the chief financial officer now directly owns 218,116 shares in the company, valued at approximately $14,997,656.16. This trade represents a 40.75 % 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 valued at $128,858,080 over the last 90 days. Insiders own 1.80% of the company's stock.

About Amphenol

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.