Tributary Capital Management LLC Decreases Position in Amphenol Co. (NYSE:APH)

Tributary Capital Management LLC reduced its position in shares of Amphenol Co. (NYSE:APH) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,770 shares of the electronics maker’s stock after selling 530 shares during the period. Tributary Capital Management LLC’s holdings in Amphenol were worth $679,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. XTX Topco Ltd acquired a new position in Amphenol during the second quarter worth about $242,000. AE Wealth Management LLC boosted its holdings in shares of Amphenol by 154.7% during the 2nd quarter. AE Wealth Management LLC now owns 7,690 shares of the electronics maker’s stock worth $518,000 after purchasing an additional 4,671 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of Amphenol by 246.5% in the second quarter. Public Sector Pension Investment Board now owns 45,942 shares of the electronics maker’s stock valued at $3,095,000 after purchasing an additional 32,685 shares in the last quarter. Insigneo Advisory Services LLC increased its holdings in shares of Amphenol by 103.1% in the second quarter. Insigneo Advisory Services LLC now owns 5,140 shares of the electronics maker’s stock valued at $346,000 after purchasing an additional 2,609 shares during the last quarter. Finally, AXA S.A. lifted its position in Amphenol by 210.2% during the second quarter. AXA S.A. now owns 126,462 shares of the electronics maker’s stock worth $8,520,000 after buying an additional 85,694 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Truist Financial raised their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday. Evercore ISI lifted their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Robert W. Baird increased their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday. The Goldman Sachs Group lifted their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday. Finally, TD Cowen raised their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.92.

Amphenol Price Performance

APH stock opened at $77.10 on Friday. The business’s fifty day moving average price is $72.12 and its 200 day moving average price is $68.00. Amphenol Co. has a 12-month low of $49.38 and a 12-month high of $79.39. The company has a market capitalization of $92.95 billion, a PE ratio of 40.26, a P/E/G ratio of 2.12 and a beta of 1.24. The company has a current ratio of 2.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4,051,810 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. On average, sell-side analysts anticipate that Amphenol Co. will post 2.17 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 34.46%.

Insider Activity

In other news, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value 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 trade represents a 40.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Corporate insiders own 1.80% of the company’s stock.

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.