London Co. of Virginia Sells 18,739 Shares of Amphenol Co. (NYSE:APH)

London Co. of Virginia lessened its stake in shares of Amphenol Co. (NYSE:APH) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,179,547 shares of the electronics maker’s stock after selling 18,739 shares during the quarter. London Co. of Virginia’s holdings in Amphenol were worth $220,820,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of APH. Tacita Capital Inc lifted its holdings in shares of Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 296 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Amphenol during the 4th quarter valued at $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol during the 4th quarter valued at $28,000. Rakuten Securities Inc. lifted its holdings in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol during the 4th quarter valued at $32,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of APH opened at $80.78 on Monday. The business’s 50-day moving average is $68.09 and its two-hundred day moving average is $69.84. The company has a market capitalization of $97.71 billion, a P/E ratio of 42.18, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $84.70.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 25.67% and a net margin of 15.92%. The firm’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period last year, the firm earned $0.40 EPS. Research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.82%. Amphenol’s dividend payout ratio is presently 32.04%.

Insider Activity at Amphenol

In related news, insider Luc Walter sold 390,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the completion of the transaction, the insider now owns 447,790 shares in the company, valued at $33,991,738.90. The trade was a 46.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David M. Silverman sold 87,500 shares of Amphenol stock in a transaction dated 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 3,178,500 shares of company stock worth $241,903,805 in the last 90 days. Corporate insiders own 1.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. TD Securities increased their price objective on Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, May 1st. Truist Financial raised their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. US Capital Advisors set a $85.00 target price on Amphenol in a research note on Thursday, April 24th. Finally, Citigroup raised their target price on Amphenol from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $81.62.

About Amphenol

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.