Davis R M Inc. Has $96.77 Million Stock Position in Amphenol Co. (NYSE:APH)

Davis R M Inc. lowered its position in shares of Amphenol Co. (NYSE:APH) by 2.0% during the third quarter, HoldingsChannel reports. The fund owned 1,485,069 shares of the electronics maker’s stock after selling 29,885 shares during the quarter. Amphenol comprises about 1.9% of Davis R M Inc.’s portfolio, making the stock its 11th largest holding. Davis R M Inc.’s holdings in Amphenol were worth $96,767,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Beacon Capital Management LLC grew its position in Amphenol by 121.2% during the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC boosted its position in shares of Amphenol by 100.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares in the last quarter. Sachetta LLC boosted its position in shares of Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares in the last quarter. Trifecta Capital Advisors LLC boosted its position in shares of Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 338 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Amphenol during the 2nd quarter valued at about $29,000. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Amphenol news, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total value of $12,925,800.00. Following the completion of the transaction, the vice president now owns 14,000 shares of the company’s stock, valued at approximately $1,005,340. This trade represents a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock valued at $128,858,080 over the last ninety days. 1.80% of the stock is currently owned by insiders.

Amphenol Stock Performance

Shares of Amphenol stock opened at $74.29 on Monday. The business’s fifty day simple moving average is $67.65 and its 200 day simple moving average is $66.40. The firm has a market capitalization of $89.56 billion, a P/E ratio of 42.70, a price-to-earnings-growth ratio of 2.44 and a beta of 1.23. Amphenol Co. has a 12 month low of $44.81 and a 12 month high of $74.70. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53.

Amphenol (NYSE:APH) last issued its quarterly earnings results 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 return on equity of 24.68% and a net margin of 15.40%. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period last year, the company posted $0.39 earnings per share. Amphenol’s quarterly revenue was up 26.3% compared to the same quarter last year. As a group, analysts anticipate that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 37.93%.

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.