Geneva Capital Management LLC Sells 15,171 Shares of Amphenol Co. (NYSE:APH)

Geneva Capital Management LLC decreased its holdings in Amphenol Co. (NYSE:APH) by 3.5% in the fourth quarter, Holdings Channel reports. The firm owned 416,397 shares of the electronics maker’s stock after selling 15,171 shares during the quarter. Geneva Capital Management LLC’s holdings in Amphenol were worth $41,277,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. FMR LLC boosted its holdings in Amphenol by 1.3% in the third quarter. FMR LLC now owns 55,500,422 shares of the electronics maker’s stock worth $4,661,480,000 after purchasing an additional 691,964 shares during the last quarter. JPMorgan Chase & Co. increased its position in Amphenol by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 15,279,911 shares of the electronics maker’s stock valued at $1,283,360,000 after acquiring an additional 653,354 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Amphenol by 4.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 13,145,093 shares of the electronics maker’s stock valued at $1,104,056,000 after acquiring an additional 564,110 shares during the period. Flossbach Von Storch AG boosted its position in Amphenol by 1.9% in the third quarter. Flossbach Von Storch AG now owns 7,908,317 shares of the electronics maker’s stock worth $664,220,000 after purchasing an additional 151,058 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Amphenol by 6.0% during the 3rd quarter. Northern Trust Corp now owns 6,195,739 shares of the electronics maker’s stock valued at $520,380,000 after purchasing an additional 351,353 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

APH has been the topic of several recent research reports. The Goldman Sachs Group increased their price objective on shares of Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Citigroup boosted their price objective on shares of Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Jefferies Financial Group initiated coverage on Amphenol in a report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 target price on the stock. Truist Financial boosted their price target on Amphenol from $121.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, Stifel Nicolaus raised their price objective on Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $118.83.

Insider Buying and Selling

In other Amphenol news, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by company insiders.

Amphenol Price Performance

Amphenol stock traded up $1.01 during midday trading on Thursday, reaching $127.62. 2,642,271 shares of the stock traded hands, compared to its average volume of 2,908,456. The company has a quick ratio of 1.43, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. Amphenol Co. has a 12 month low of $72.77 and a 12 month high of $127.78. The stock’s fifty day moving average is $114.61 and its 200-day moving average is $102.06. The stock has a market cap of $76.65 billion, a P/E ratio of 39.03, a PEG ratio of 3.11 and a beta of 1.27.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.10 billion. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. Amphenol’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share. As a group, equities research analysts anticipate that Amphenol Co. will post 3.35 EPS for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 18th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Tuesday, June 18th. Amphenol’s payout ratio is 26.91%.

Amphenol declared that its board has approved a share repurchase program on Wednesday, April 24th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the electronics maker to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Amphenol Company 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.