Logan Capital Management Inc. Reduces Holdings in Amphenol Co. (NYSE:APH)

Logan Capital Management Inc. cut its position in Amphenol Co. (NYSE:APH) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 529,477 shares of the electronics maker’s stock after selling 39,233 shares during the quarter. Amphenol makes up approximately 1.5% of Logan Capital Management Inc.’s investment portfolio, making the stock its 9th largest holding. Logan Capital Management Inc.’s holdings in Amphenol were worth $36,772,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Tacita Capital Inc grew its holdings in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 296 shares during the last quarter. Sierra Ocean LLC purchased a new position in Amphenol in the 4th quarter worth $28,000. Rialto Wealth Management LLC purchased a new stake in Amphenol during the 4th quarter valued at about $28,000. Rakuten Securities Inc. lifted its holdings in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new stake in Amphenol in the 4th quarter worth approximately $32,000. 97.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on APH shares. Citigroup lifted their price target on Amphenol from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Bank of America lifted their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Fox Advisors raised Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target on the stock in a research note on Thursday, April 24th. Truist Financial increased their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $81.62.

Amphenol Price Performance

APH stock opened at $80.78 on Monday. The company has a market cap of $97.71 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 1.92 and a beta of 1.10. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $68.09 and a 200-day moving average of $69.84. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $84.70.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the company posted $0.40 EPS. The business’s revenue was up 47.7% on a year-over-year basis. As a group, equities analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Tuesday, June 17th. Amphenol’s dividend payout ratio (DPR) is presently 32.04%.

Insider Transactions at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the transaction, the chief executive officer now directly owns 2,002,507 shares in the company, valued at $151,649,855.11. This represents a 49.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William J. Doherty sold 126,000 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $80.28, for a total value of $10,115,280.00. The disclosure for this sale can be found here. Insiders sold a total of 3,178,500 shares of company stock valued at $241,903,805 over the last three months. 1.67% of the stock is currently owned by insiders.

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.