Congress Asset Management Co. MA Cuts Stake in Amphenol Co. (NYSE:APH)

Congress Asset Management Co. MA lessened its stake in Amphenol Co. (NYSE:APHFree Report) by 0.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 171,614 shares of the electronics maker’s stock after selling 1,348 shares during the quarter. Congress Asset Management Co. MA’s holdings in Amphenol were worth $14,414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APH. Peoples Bank KS bought a new position in shares of Amphenol during the 3rd quarter valued at about $27,000. Sunbelt Securities Inc. bought a new stake in Amphenol in the 1st quarter worth approximately $33,000. Altshuler Shaham Ltd bought a new position in shares of Amphenol during the 4th quarter valued at approximately $33,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Amphenol by 64.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 543 shares of the electronics maker’s stock valued at $46,000 after purchasing an additional 212 shares in the last quarter. Finally, Steward Financial Group LLC grew its holdings in shares of Amphenol by 291.5% in the second quarter. Steward Financial Group LLC now owns 556 shares of the electronics maker’s stock valued at $47,000 after purchasing an additional 414 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Amphenol

In other news, Director Robert Livingston acquired 11,839 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of $84.81 per share, for a total transaction of $1,004,065.59. Following the completion of the acquisition, the director now directly owns 59,120 shares of the company’s stock, valued at approximately $5,013,967.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Amphenol news, VP David M. Silverman sold 75,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $89.51, for a total transaction of $6,713,250.00. Following the completion of the sale, the vice president now directly owns 7,000 shares of the company’s stock, valued at $626,570. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert Livingston purchased 11,839 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was purchased at an average cost of $84.81 per share, for a total transaction of $1,004,065.59. Following the completion of the acquisition, the director now directly owns 59,120 shares of the company’s stock, valued at approximately $5,013,967.20. The disclosure for this purchase can be found here. 2.22% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on APH shares. StockNews.com began coverage on shares of Amphenol in a research report on Thursday, October 5th. They set a “hold” rating for the company. Truist Financial boosted their price objective on Amphenol from $97.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. BNP Paribas initiated coverage on Amphenol in a research note on Thursday, October 5th. They issued an “outperform” rating and a $93.00 price objective for the company. Finally, Citigroup initiated coverage on Amphenol in a research report on Friday, January 5th. They set a “buy” rating and a $117.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.38.

Check Out Our Latest Stock Analysis on Amphenol

Amphenol Stock Performance

Shares of Amphenol stock opened at $95.33 on Thursday. Amphenol Co. has a 52 week low of $72.00 and a 52 week high of $99.93. The company has a market capitalization of $57.04 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 3.49 and a beta of 1.29. The stock’s fifty day moving average is $94.04 and its two-hundred day moving average is $88.09. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.50.

Amphenol (NYSE:APHGet Free Report) last posted its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.10 billion. Amphenol had a net margin of 15.41% and a return on equity of 24.57%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 EPS. As a group, analysts expect that Amphenol Co. will post 2.96 earnings per share for the current year.

Amphenol Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Tuesday, December 19th were issued a dividend of $0.22 per share. This is an increase from Amphenol’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Monday, December 18th. Amphenol’s dividend payout ratio (DPR) is presently 28.39%.

Amphenol Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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