Pendal Group Ltd acquired a new stake in Amphenol Co. (NYSE:APH – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,753 shares of the electronics maker's stock, valued at approximately $286,000.
A number of other hedge funds have also recently modified their holdings of APH. Brown Brothers Harriman & Co. increased its position in shares of Amphenol by 497.2% in the first quarter. Brown Brothers Harriman & Co. now owns 633 shares of the electronics maker's stock valued at $48,000 after acquiring an additional 527 shares during the period. Valley National Advisers Inc. raised its stake in Amphenol by 33.1% in the third quarter. Valley National Advisers Inc. now owns 716 shares of the electronics maker's stock worth $50,000 after buying an additional 178 shares in the last quarter. Benjamin Edwards Inc. raised its stake in Amphenol by 3,875.0% in the third quarter. Benjamin Edwards Inc. now owns 795 shares of the electronics maker's stock worth $53,000 after buying an additional 775 shares in the last quarter. Lumbard & Kellner LLC bought a new position in Amphenol in the third quarter worth about $67,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in Amphenol by 27.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,110 shares of the electronics maker's stock worth $85,000 after buying an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 94.01% of the company's stock.
Get Amphenol alerts:Analysts Set New Price Targets
A number of research firms recently issued reports on APH. Credit Suisse Group began coverage on shares of Amphenol in a research note on Monday, December 12th. They issued an "outperform" rating and a $93.00 price target for the company. Robert W. Baird decreased their price target on shares of Amphenol from $93.00 to $91.00 in a research note on Thursday, January 26th. StockNews.com raised shares of Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, March 19th. Finally, Truist Financial raised their target price on shares of Amphenol from $84.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, January 23rd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.36.
Insider Buying and Selling
In related news, VP Lance E. D'amico sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $82.19, for a total value of $2,054,750.00. Following the sale, the vice president now owns 25,700 shares in the company, valued at $2,112,283. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Richard Adam Norwitt sold 650,000 shares of the firm's stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $81.72, for a total value of $53,118,000.00. Following the sale, the chief executive officer now owns 967,424 shares in the company, valued at $79,057,889.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D'amico sold 25,000 shares of Amphenol stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $82.19, for a total transaction of $2,054,750.00. Following the transaction, the vice president now owns 25,700 shares in the company, valued at approximately $2,112,283. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 804,800 shares of company stock worth $65,769,622. 2.10% of the stock is owned by insiders.
Amphenol Trading Up 1.3 %
NYSE:APH opened at $80.66 on Friday. The company's 50 day moving average price is $78.98 and its 200-day moving average price is $76.68. Amphenol Co. has a 52 week low of $61.67 and a 52 week high of $82.86. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.65. The stock has a market cap of $47.96 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 2.97 and a beta of 1.24.
Amphenol (NYSE:APH – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The electronics maker reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.03. Amphenol had a net margin of 15.07% and a return on equity of 27.93%. The firm had revenue of $3.24 billion for the quarter, compared to analysts' expectations of $3.15 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The business's revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts forecast that Amphenol Co. will post 2.96 earnings per share for the current fiscal year.
Amphenol Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 12th. Investors of record on Tuesday, March 21st will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Monday, March 20th. Amphenol's dividend payout ratio is currently 27.45%.
Amphenol Profile
(Get Rating)
Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. Its products include connectors, cable assemblies, sensors, antenna solutions, power distribution, cable, printed circuits, and accessories for connectors and cable.
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