Meeder Advisory Services Inc. Sells 1,581 Shares of Amphenol Co. (NYSE:APH)

Meeder Advisory Services Inc. lowered its position in Amphenol Co. (NYSE:APH) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,708 shares of the electronics maker’s stock after selling 1,581 shares during the period. Meeder Advisory Services Inc.’s holdings in Amphenol were worth $2,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. TIAA Trust National Association raised its stake in shares of Amphenol by 4.7% during the first quarter. TIAA Trust National Association now owns 2,718 shares of the electronics maker’s stock valued at $314,000 after acquiring an additional 122 shares in the last quarter. Covestor Ltd raised its stake in shares of Amphenol by 87.6% during the first quarter. Covestor Ltd now owns 559 shares of the electronics maker’s stock valued at $65,000 after acquiring an additional 261 shares in the last quarter. PAX Financial Group LLC bought a new stake in shares of Amphenol during the first quarter valued at approximately $651,000. O Shaughnessy Asset Management LLC raised its stake in shares of Amphenol by 21.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 40,744 shares of the electronics maker’s stock valued at $4,700,000 after acquiring an additional 7,330 shares in the last quarter. Finally, Seven Eight Capital LP bought a new stake in shares of Amphenol during the first quarter valued at approximately $955,000. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APH. Robert W. Baird lifted their price target on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial upped their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. TD Cowen increased their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Bank of America increased their price target on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, Vertical Research initiated coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective for the company. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Trading Down 0.7 %

Shares of Amphenol stock opened at $70.00 on Monday. Amphenol Co. has a 52-week low of $44.51 and a 52-week high of $74.70. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The company’s 50-day simple moving average is $66.68 and its 200-day simple moving average is $66.05. The firm has a market cap of $84.39 billion, a price-to-earnings ratio of 40.53, a price-to-earnings-growth ratio of 2.34 and a beta of 1.23.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the previous year, the business posted $0.39 earnings per share. The business’s revenue was up 26.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Tuesday, December 17th. Amphenol’s payout ratio is 37.93%.

Insider Buying and Selling

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. This trade represents a 31.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares in the company, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,842,672 shares of company stock valued at $128,858,080. Insiders own 1.80% of the company’s stock.

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.