Hanseatic Management Services Inc. Reduces Holdings in Amphenol Co. (NYSE:APH)

Hanseatic Management Services Inc. cut its stake in Amphenol Co. (NYSE:APH) by 90.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,249 shares of the electronics maker’s stock after selling 11,906 shares during the period. Hanseatic Management Services Inc.’s holdings in Amphenol were worth $87,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. HB Wealth Management LLC boosted its position in shares of Amphenol by 19.5% in the 4th quarter. HB Wealth Management LLC now owns 28,135 shares of the electronics maker’s stock valued at $1,954,000 after purchasing an additional 4,588 shares during the period. Premier Path Wealth Partners LLC lifted its stake in Amphenol by 5.3% in the fourth quarter. Premier Path Wealth Partners LLC now owns 5,727 shares of the electronics maker’s stock valued at $398,000 after buying an additional 289 shares during the last quarter. Sanibel Captiva Trust Company Inc. boosted its holdings in shares of Amphenol by 1.1% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 64,196 shares of the electronics maker’s stock valued at $4,458,000 after acquiring an additional 692 shares during the period. Brooklyn Investment Group grew its position in shares of Amphenol by 20.5% during the fourth quarter. Brooklyn Investment Group now owns 4,624 shares of the electronics maker’s stock worth $321,000 after acquiring an additional 788 shares during the last quarter. Finally, Merit Financial Group LLC increased its holdings in shares of Amphenol by 136.3% in the 4th quarter. Merit Financial Group LLC now owns 14,077 shares of the electronics maker’s stock valued at $978,000 after acquiring an additional 8,121 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of NYSE APH opened at $69.44 on Friday. The company’s fifty day moving average is $71.82 and its two-hundred day moving average is $67.74. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The firm has a market capitalization of $83.71 billion, a P/E ratio of 39.91, a PEG ratio of 2.01 and a beta of 1.24. Amphenol Co. has a one year low of $47.76 and a one year high of $75.78.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year. Analysts forecast that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. Amphenol’s payout ratio is 37.93%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on APH shares. Truist Financial increased their price target on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Bank of America increased their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Evercore ISI boosted their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Robert W. Baird increased 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. Finally, Citigroup boosted their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday. 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, the stock has an average rating of “Moderate Buy” and an average target price of $69.79.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 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.