DekaBank Deutsche Girozentrale Has $70.56 Million Stock Position in Amphenol Co. (NYSE:APH)

DekaBank Deutsche Girozentrale lessened its holdings in Amphenol Co. (NYSE:APH) by 33.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,086,445 shares of the electronics maker’s stock after selling 553,107 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Amphenol were worth $70,556,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its stake in shares of Amphenol by 15.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 54,073 shares of the electronics maker’s stock valued at $6,237,000 after acquiring an additional 7,054 shares in the last quarter. Vicus Capital bought a new stake in shares of Amphenol during the 1st quarter worth $227,000. Tributary Capital Management LLC grew its stake in Amphenol by 11.0% in the 1st quarter. Tributary Capital Management LLC now owns 5,550 shares of the electronics maker’s stock valued at $640,000 after buying an additional 550 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Amphenol by 1.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 718,607 shares of the electronics maker’s stock worth $82,891,000 after acquiring an additional 13,610 shares during the period. Finally, Dudley & Shanley Inc. boosted its holdings in Amphenol by 1.0% during the first quarter. Dudley & Shanley Inc. now owns 222,455 shares of the electronics maker’s stock valued at $25,660,000 after acquiring an additional 2,230 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amphenol

In related news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Amphenol Stock Performance

NYSE:APH opened at $69.41 on Monday. Amphenol Co. has a 12-month low of $39.48 and a 12-month high of $71.20. The firm has a market capitalization of $83.38 billion, a PE ratio of 42.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. The firm has a 50-day moving average price of $65.10 and a 200 day moving average price of $64.69. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter last year, the company earned $0.39 EPS. Amphenol’s revenue was up 26.3% on a year-over-year basis. Research analysts anticipate that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on APH shares. Truist Financial lifted their price objective on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday. Evercore ISI increased their price objective on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday. Bank of America boosted their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday. Vertical Research initiated coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target on the stock. Finally, Robert W. Baird upped their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday. Five investment 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.63.

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.