Amphenol Co. (NYSE:APH) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its holdings in shares of Amphenol Co. (NYSE:APH) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,820 shares of the electronics maker’s stock after selling 249 shares during the period. Federated Hermes Inc.’s holdings in Amphenol were worth $280,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Peoples Bank KS acquired a new position in Amphenol in the 3rd quarter valued at about $27,000. Mendota Financial Group LLC acquired a new position in shares of Amphenol in the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC boosted its position in Amphenol by 75.5% during the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 142 shares during the last quarter. Avior Wealth Management LLC grew its stake in Amphenol by 70.8% in the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 138 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Amphenol in the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Trading Up 1.4 %

NYSE:APH opened at $122.64 on Friday. The business’s 50-day moving average is $113.58 and its two-hundred day moving average is $101.01. The firm has a market capitalization of $73.66 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 3.07 and a beta of 1.27. Amphenol Co. has a 12 month low of $72.77 and a 12 month high of $123.60. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.43.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, beating the consensus estimate of $0.73 by $0.07. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.10 billion. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS. Research analysts predict that Amphenol Co. will post 3.35 earnings per share for the current fiscal year.

Amphenol declared that its board has approved a stock repurchase program on Wednesday, April 24th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the electronics maker to buy up to 2.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Tuesday, June 18th. Amphenol’s dividend payout ratio is presently 26.91%.

Insider Activity

In related news, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the transaction, the chief financial officer now directly owns 147,045 shares in the company, valued at $15,391,200.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the sale, the chief financial officer now owns 147,045 shares in the company, valued at $15,391,200.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,000 shares of company stock worth $14,251,050. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on APH. UBS Group raised their price objective on Amphenol from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Truist Financial increased their price objective on shares of Amphenol from $121.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Robert W. Baird boosted their target price on shares of Amphenol from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. The Goldman Sachs Group increased their price target on shares of Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Citigroup boosted their price objective on shares of Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.83.

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.