B. Riley Wealth Advisors Inc. Sells 853 Shares of Amphenol Co. (NYSE:APH)

B. Riley Wealth Advisors Inc. trimmed its position in shares of Amphenol Co. (NYSE:APH) by 11.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,614 shares of the electronics maker’s stock after selling 853 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Amphenol were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Beacon Capital Management LLC boosted its stake in Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $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% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 188 shares during the last quarter. Sachetta LLC lifted its position in Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after buying an additional 249 shares in the last quarter. Trifecta Capital Advisors LLC grew its holdings in Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 338 shares during the last quarter. Finally, New Millennium Group LLC acquired a new stake in Amphenol in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Trading Down 0.1 %

NYSE APH opened at $70.01 on Friday. 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 Co. has a 12 month low of $46.94 and a 12 month high of $75.78. The company has a market capitalization of $84.40 billion, a PE ratio of 40.24, a P/E/G ratio of 2.44 and a beta of 1.24. The stock has a 50-day simple moving average of $71.03 and a 200 day simple moving average of $67.32.

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

Amphenol Announces Dividend

The company also recently declared 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. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is 37.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on APH shares. Bank of America upped their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Truist Financial boosted their price objective on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. TD Cowen increased their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Evercore ISI boosted their target price on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Robert W. Baird upped 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 investment 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.63.

Insider Activity at Amphenol

In other news, insider Peter Straub sold 132,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction 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 directly 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 disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock worth $128,858,080 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Amphenol Company 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.