Crossmark Global Holdings Inc. Cuts Stock Position in Amphenol Co. (NYSE:APH)

Crossmark Global Holdings Inc. decreased its holdings in Amphenol Co. (NYSE:APH) by 3.6% in the 4th quarter, HoldingsChannel reports. The firm owned 102,983 shares of the electronics maker’s stock after selling 3,901 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Amphenol were worth $7,152,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Trifecta Capital Advisors LLC grew its stake in shares of Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 338 shares in the last quarter. Core Alternative Capital boosted its holdings in Amphenol by 100.0% in the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 231 shares during the period. Continuum Advisory LLC increased its holdings in Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 234 shares during the period. Brown Brothers Harriman & Co. raised its position in Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 166 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Amphenol by 100.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock valued at $44,000 after buying an additional 324 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Up 4.8 %

APH opened at $72.76 on Wednesday. The company has a market cap of $87.72 billion, a PE ratio of 41.82, a P/E/G ratio of 1.89 and a beta of 1.24. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $71.74 and a two-hundred day moving average price of $67.76. Amphenol Co. has a 52 week low of $48.52 and a 52 week high of $75.78.

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

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s dividend payout ratio is presently 37.93%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Citigroup raised their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Bank of America lifted their price objective 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. TD Cowen raised 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. Truist Financial upped their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Robert W. Baird lifted their price target on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.79.

Insiders Place Their Bets

In other news, insider Peter Straub sold 132,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Craig A. Lampo sold 150,000 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares in the company, valued at approximately $14,997,656.16. This represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Company insiders own 1.80% of the company’s stock.

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.