Laird Norton Wetherby Wealth Management LLC Sells 914 Shares of Amphenol Co. (NYSE:APH)

Laird Norton Wetherby Wealth Management LLC reduced its position in Amphenol Co. (NYSE:APH) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,040 shares of the electronics maker’s stock after selling 914 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Amphenol were worth $2,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of APH. Norges Bank bought a new position in shares of Amphenol in the fourth quarter worth approximately $1,378,794,000. Bank of America Corp DE boosted its position in shares of Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker’s stock worth $1,733,027,000 after purchasing an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock worth $4,091,426,000 after purchasing an additional 15,837,407 shares during the period. Wellington Management Group LLP boosted its position in shares of Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock worth $487,130,000 after purchasing an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Amphenol by 118.4% in the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker’s stock worth $503,975,000 after purchasing an additional 3,933,269 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP David M. Silverman sold 87,500 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $80.03, for a total value of $7,002,625.00. Following the sale, the vice president now owns 12,500 shares of the company’s stock, valued at approximately $1,000,375. This represents a 87.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Lance E. D’amico sold 175,000 shares of the stock in a transaction on Friday, April 25th. The shares were sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,920,792. This represents a 77.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,178,500 shares of company stock valued at $241,903,805. 1.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

APH has been the subject of a number of recent analyst reports. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Bank of America boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. TD Securities boosted their target price on shares of Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Truist Financial boosted their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Fox Advisors raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.62.

Amphenol Price Performance

Amphenol stock opened at $84.45 on Tuesday. The company has a market cap of $102.15 billion, a price-to-earnings ratio of 44.10, a PEG ratio of 1.92 and a beta of 1.10. The firm’s fifty day moving average is $68.49 and its 200 day moving average is $69.94. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 52-week low of $54.77 and a 52-week high of $84.98.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol’s revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 earnings per share. Sell-side analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol’s dividend payout ratio is currently 32.04%.

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.