Amphenol Co. (NYSE:APH) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its stake in Amphenol Co. (NYSE:APH) by 62.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,582 shares of the electronics maker’s stock after selling 87,468 shares during the period. Los Angeles Capital Management LLC’s holdings in Amphenol were worth $3,426,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC boosted its stake in Amphenol by 23.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 4,979 shares of the electronics maker’s stock valued at $574,000 after purchasing an additional 945 shares during the period. Bleakley Financial Group LLC boosted its position in shares of Amphenol by 3.5% during the first quarter. Bleakley Financial Group LLC now owns 15,824 shares of the electronics maker’s stock worth $1,825,000 after buying an additional 531 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Amphenol by 7.2% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 21,109 shares of the electronics maker’s stock worth $2,435,000 after buying an additional 1,412 shares in the last quarter. Dearborn Partners LLC acquired a new stake in Amphenol in the 1st quarter valued at approximately $708,000. Finally, State Board of Administration of Florida Retirement System raised its stake in Amphenol by 6.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 689,245 shares of the electronics maker’s stock valued at $79,504,000 after acquiring an additional 41,599 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at $3,373,382. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Lance E. D’amico sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the transaction, the vice president now owns 51,400 shares in the company, valued at $3,373,382. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,242,672 shares of company stock valued at $155,170,080. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of research analyst reports. TD Cowen raised their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Vertical Research initiated coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price target on the stock. Robert W. Baird increased 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. Evercore ISI boosted their target price on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, 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 note on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and an average target price of $69.63.

Amphenol Price Performance

NYSE APH opened at $71.98 on Wednesday. Amphenol Co. has a 1 year low of $43.05 and a 1 year high of $74.70. The stock’s 50-day moving average price is $65.83 and its two-hundred day moving average price is $65.73. The company has a market cap of $86.78 billion, a PE ratio of 41.37, a PEG ratio of 2.45 and a beta of 1.23. 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) last issued its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating 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 business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. On average, analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s payout ratio is 37.93%.

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.