Janney Montgomery Scott LLC Decreases Stake in Amphenol Co. (NYSE:APH)

Janney Montgomery Scott LLC lessened its stake in shares of Amphenol Co. (NYSE:APH) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 287,238 shares of the electronics maker’s stock after selling 8,382 shares during the period. Janney Montgomery Scott LLC’s holdings in Amphenol were worth $18,716,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of APH. First Interstate Bank purchased a new stake in Amphenol during the 3rd quarter valued at about $627,000. Greenwich Wealth Management LLC boosted its position in Amphenol by 1.3% in the third quarter. Greenwich Wealth Management LLC now owns 20,841 shares of the electronics maker’s stock valued at $1,358,000 after buying an additional 261 shares during the last quarter. Invesco LLC increased its holdings in Amphenol by 2.2% in the 3rd quarter. Invesco LLC now owns 54,394 shares of the electronics maker’s stock worth $3,544,000 after buying an additional 1,192 shares during the period. Fullcircle Wealth LLC purchased a new position in Amphenol during the 3rd quarter worth approximately $704,000. Finally, Jacobson & Schmitt Advisors LLC lifted its stake in Amphenol by 2.0% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 277,943 shares of the electronics maker’s stock valued at $18,111,000 after acquiring an additional 5,469 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In other Amphenol news, VP David M. Silverman sold 180,000 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the completion of the sale, the vice president now owns 14,000 shares in the company, valued at approximately $963,760. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amphenol news, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total value of $12,391,200.00. Following the completion of the sale, the vice president now directly owns 14,000 shares in the company, valued at $963,760. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction 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 transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,373,382. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,630,672 shares of company stock worth $110,992,440. 1.80% of the stock is owned by insiders.

Amphenol Stock Up 2.2 %

Shares of NYSE APH opened at $69.71 on Wednesday. Amphenol Co. has a 52-week low of $41.96 and a 52-week high of $71.20. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The company’s 50-day simple moving average is $65.32 and its 200-day simple moving average is $65.29. The firm has a market cap of $84.04 billion, a price-to-earnings ratio of 40.06, a price-to-earnings-growth ratio of 2.25 and a beta of 1.23.

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

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 37.93%.

Analysts Set New Price Targets

Several research analysts recently issued reports on APH shares. UBS Group raised their target price on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Bank of America upped their target price on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Truist Financial lifted their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Evercore ISI upped their price objective 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 lifted their target price on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Five 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.