Toronto Dominion Bank Trims Holdings in Amphenol Co. (NYSE:APH)

Toronto Dominion Bank lessened its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 53.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 682,088 shares of the electronics maker's stock after selling 774,487 shares during the quarter. Toronto Dominion Bank owned about 0.06% of Amphenol worth $44,445,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in APH. Coldstream Capital Management Inc. lifted its stake in shares of Amphenol by 10.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 25,557 shares of the electronics maker's stock valued at $1,676,000 after purchasing an additional 2,468 shares during the period. Geode Capital Management LLC boosted its holdings in Amphenol by 2.3% during the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker's stock worth $1,601,540,000 after buying an additional 564,991 shares during the last quarter. Prestige Wealth Management Group LLC grew its position in shares of Amphenol by 7.4% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker's stock worth $180,000 after buying an additional 189 shares during the period. Executive Wealth Management LLC bought a new stake in shares of Amphenol in the 3rd quarter valued at about $3,150,000. Finally, Continuum Advisory LLC raised its position in shares of Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after acquiring an additional 234 shares during the period. Institutional investors own 97.01% of the company's stock.

Amphenol Trading Up 0.1 %

APH traded up $0.08 during midday trading on Thursday, hitting $73.61. 4,126,996 shares of the company were exchanged, compared to its average volume of 6,559,798. The firm's 50 day moving average price is $69.91 and its 200-day moving average price is $67.07. Amphenol Co. has a 1-year low of $46.94 and a 1-year high of $74.93. The firm has a market capitalization of $88.75 billion, a P/E ratio of 42.30, a P/E/G ratio of 2.47 and a beta of 1.24. 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 (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the prior year, the firm posted $0.39 EPS. The company's quarterly revenue was up 26.3% on a year-over-year basis. As a group, equities analysts forecast that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol's payout ratio is 37.93%.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the completion of the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the sale, the chief financial officer now owns 218,116 shares in the company, valued at $14,997,656.16. This trade represents a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. Corporate insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

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

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.