Amphenol Co. (NYSE:APH) Shares Sold by Creative Planning

Creative Planning decreased its holdings in Amphenol Co. (NYSE:APH) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 490,690 shares of the electronics maker’s stock after selling 1,480 shares during the period. Creative Planning’s holdings in Amphenol were worth $31,973,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Texas Permanent School Fund Corp lifted its position in Amphenol by 61.1% during the second quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock worth $13,458,000 after buying an additional 75,753 shares in the last quarter. United Services Automobile Association raised its holdings in shares of Amphenol by 102.0% during the 2nd quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock worth $2,154,000 after acquiring an additional 16,149 shares during the period. Choreo LLC boosted its position in shares of Amphenol by 556.7% during the 2nd quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock valued at $2,732,000 after acquiring an additional 34,309 shares during the last quarter. Angeles Wealth Management LLC grew its holdings in shares of Amphenol by 102.4% in the second quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock valued at $258,000 after purchasing an additional 1,936 shares during the period. Finally, Czech National Bank increased its position in Amphenol by 7.2% during the third quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock worth $15,985,000 after purchasing an additional 16,425 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amphenol

In other Amphenol news, insider William J. Doherty sold 300,000 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at this link. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares in the company, valued at $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,516,000 shares of company stock worth $98,236,640. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Vertical Research started coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price on the stock. Bank of America decreased their price objective on Amphenol from $71.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Truist Financial raised their target price on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Robert W. Baird decreased their price target on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, UBS Group raised their price objective on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.50.

Amphenol Stock Performance

Shares of Amphenol stock opened at $67.46 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. The stock has a market capitalization of $81.03 billion, a price-to-earnings ratio of 41.39, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. The business has a 50-day moving average of $64.76 and a 200 day moving average of $64.32. Amphenol Co. has a 12 month low of $39.34 and a 12 month high of $70.84.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. As a group, sell-side analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Tuesday, September 17th. Amphenol’s payout ratio is currently 40.49%.

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.