Wellington Management Group LLP Sells 904,103 Shares of Amphenol Co. (NYSE:APH)

Wellington Management Group LLP lessened its position in Amphenol Co. (NYSE:APH - Free Report) by 48.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 974,266 shares of the electronics maker's stock after selling 904,103 shares during the quarter. Wellington Management Group LLP owned approximately 0.08% of Amphenol worth $63,483,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of APH. State Street Corp increased its position in shares of Amphenol by 3.0% in the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker's stock valued at $3,496,777,000 after acquiring an additional 1,537,880 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Amphenol by 92.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker's stock worth $2,468,301,000 after purchasing an additional 17,552,921 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Amphenol by 69.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker's stock worth $1,564,711,000 after purchasing an additional 9,487,387 shares in the last quarter. Mawer Investment Management Ltd. raised 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 in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Amphenol by 116.6% in the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker's stock valued at $662,458,000 after buying an additional 5,293,292 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Amphenol Price Performance

APH traded up $0.92 on Wednesday, reaching $73.53. The stock had a trading volume of 3,326,276 shares, compared to its average volume of 6,569,978. The firm has a 50-day moving average of $69.69 and a 200-day moving average of $67.03. Amphenol Co. has a fifty-two week low of $46.94 and a fifty-two week high of $74.93. The company has a market capitalization of $88.65 billion, a price-to-earnings ratio of 41.94, a price-to-earnings-growth ratio of 2.47 and a beta of 1.24. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The firm had revenue of $4.04 billion during the quarter, compared to analysts' expectations 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 period in the prior year, the company posted $0.39 EPS. As a group, sell-side analysts anticipate that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol's dividend payout ratio (DPR) is presently 37.93%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Truist Financial lifted their target price on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Robert W. Baird upped their price objective 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 raised their target price 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 upped their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, TD Cowen raised 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. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.63.

Insider Activity at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was 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 of the company's stock, valued at approximately $963,760. This trade represents a 92.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Craig A. Lampo sold 150,000 shares of the business's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares in the company, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock worth $128,858,080 in the last 90 days. Corporate 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.