Engineers Gate Manager LP Has $365,000 Stock Position in Amphenol Co. (NYSE:APH)

Engineers Gate Manager LP decreased its position in shares of Amphenol Co. (NYSE:APH – Get Rating) by 94.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,458 shares of the electronics maker’s stock after selling 93,591 shares during the period. Engineers Gate Manager LP’s holdings in Amphenol were worth $365,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Epoch Investment Partners Inc. acquired a new stake in shares of Amphenol in the third quarter worth about $6,961,000. Ethic Inc. lifted its position in shares of Amphenol by 23.9% in the third quarter. Ethic Inc. now owns 12,676 shares of the electronics maker’s stock worth $849,000 after buying an additional 2,447 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Amphenol by 79.8% in the third quarter. Federated Hermes Inc. now owns 4,516 shares of the electronics maker’s stock worth $302,000 after buying an additional 2,005 shares during the last quarter. Flossbach Von Storch AG lifted its position in shares of Amphenol by 1.5% in the third quarter. Flossbach Von Storch AG now owns 10,597,404 shares of the electronics maker’s stock worth $709,602,000 after buying an additional 153,039 shares during the last quarter. Finally, First Long Island Investors LLC acquired a new stake in shares of Amphenol in the third quarter worth about $202,000. Institutional investors and hedge funds own 94.01% of the company’s stock.

Insider Activity

In other news, CEO Richard Adam Norwitt sold 650,000 shares of the business’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $81.72, for a total value of $53,118,000.00. Following the transaction, the chief executive officer now directly owns 967,424 shares of the company’s stock, valued at approximately $79,057,889.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Lance E. D’amico sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $82.19, for a total value of $2,054,750.00. Following the transaction, the vice president now directly owns 25,700 shares of the company’s stock, valued at approximately $2,112,283. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 650,000 shares of the company’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $81.72, for a total value of $53,118,000.00. Following the transaction, the chief executive officer now directly owns 967,424 shares in the company, valued at approximately $79,057,889.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 804,800 shares of company stock worth $65,769,622. Company insiders own 2.10% of the company’s stock.

Amphenol Trading Down 0.3 %

Shares of APH opened at $76.25 on Tuesday. Amphenol Co. has a 12-month low of $61.67 and a 12-month high of $82.86. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $45.34 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 2.90 and a beta of 1.24. The stock’s 50-day moving average price is $79.20 and its 200 day moving average price is $76.34.

Amphenol (NYSE:APH – Get Rating) last released its quarterly earnings data on Wednesday, January 25th. The electronics maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. Amphenol had a return on equity of 27.93% and a net margin of 15.07%. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the company posted $0.70 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. As a group, research analysts predict that Amphenol Co. will post 2.96 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 12th. Stockholders of record on Tuesday, March 21st will be paid a $0.21 dividend. The ex-dividend date is Monday, March 20th. This represents a $0.84 annualized dividend and a dividend yield of 1.10%. Amphenol’s dividend payout ratio is currently 27.45%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Jefferies Financial Group cut Amphenol from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $87.00 to $88.00 in a research report on Tuesday, November 22nd. They noted that the move was a valuation call. Truist Financial boosted their price objective on Amphenol from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 23rd. Credit Suisse Group assumed coverage on Amphenol in a research report on Monday, December 12th. They set an “outperform” rating and a $93.00 price objective for the company. StockNews.com cut Amphenol from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Robert W. Baird cut their price objective on Amphenol from $93.00 to $91.00 in a research report on Thursday, January 26th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.36.

About Amphenol

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Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. Its products include connectors, cable assemblies, sensors, antenna solutions, power distribution, cable, printed circuits, and accessories for connectors and cable.