Confluence Investment Management LLC Has $25.15 Million Stock Position in Amphenol Co. (NYSE:APH)

Confluence Investment Management LLC cut its stake in shares of Amphenol Co. (NYSE:APH) by 1.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 362,192 shares of the electronics maker’s stock after selling 5,825 shares during the quarter. Confluence Investment Management LLC’s holdings in Amphenol were worth $25,154,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rothschild Investment LLC acquired a new position in Amphenol in the 2nd quarter worth about $135,000. Commonwealth Equity Services LLC boosted its position in Amphenol by 98.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 63,780 shares of the electronics maker’s stock worth $4,297,000 after buying an additional 31,709 shares during the period. Ritholtz Wealth Management bought a new stake in Amphenol during the 2nd quarter worth approximately $290,000. Versor Investments LP acquired a new position in Amphenol in the 2nd quarter valued at approximately $628,000. Finally, TIAA Trust National Association raised its stake in shares of Amphenol by 103.6% during the second quarter. TIAA Trust National Association now owns 5,534 shares of the electronics maker’s stock valued at $373,000 after acquiring an additional 2,816 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Activity

In other Amphenol news, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the transaction, the vice president now owns 14,000 shares in the company, valued at approximately $963,760. The trade was a 92.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total value of $61,975,240.32. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock worth $128,858,080 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Evercore ISI increased their price objective on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen increased their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Robert W. Baird raised their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Truist Financial increased their target price on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Bank of America boosted their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Stock Up 0.1 %

Shares of Amphenol stock traded up $0.10 during trading on Thursday, reaching $69.55. 739,461 shares of the company traded hands, compared to its average volume of 6,551,722. The firm has a market capitalization of $83.85 billion, a PE ratio of 39.97, a P/E/G ratio of 2.44 and a beta of 1.24. Amphenol Co. has a 1-year low of $46.94 and a 1-year high of $75.78. The company has a 50 day moving average price of $71.69 and a 200-day moving average price of $67.56. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. As a group, equities research analysts expect that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

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.