CX Institutional acquired a new position in shares of Amphenol Co. (NYSE:APH – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,203 shares of the electronics maker's stock, valued at approximately $244,000.
Several other hedge funds have also bought and sold shares of the business. American Trust increased its stake in shares of Amphenol by 0.3% in the third quarter. American Trust now owns 44,470 shares of the electronics maker's stock worth $2,978,000 after purchasing an additional 125 shares in the last quarter. ICA Group Wealth Management LLC increased its stake in shares of Amphenol by 2.5% in the third quarter. ICA Group Wealth Management LLC now owns 5,461 shares of the electronics maker's stock worth $366,000 after purchasing an additional 134 shares in the last quarter. TFG Advisers LLC boosted its position in shares of Amphenol by 4.0% during the fourth quarter. TFG Advisers LLC now owns 3,726 shares of the electronics maker's stock worth $284,000 after acquiring an additional 143 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Amphenol by 2.2% during the third quarter. Checchi Capital Advisers LLC now owns 6,915 shares of the electronics maker's stock worth $463,000 after acquiring an additional 147 shares during the last quarter. Finally, Duncker Streett & Co. Inc. boosted its position in shares of Amphenol by 0.7% during the fourth quarter. Duncker Streett & Co. Inc. now owns 23,300 shares of the electronics maker's stock worth $1,774,000 after acquiring an additional 152 shares during the last quarter. Institutional investors own 94.01% of the company's stock.
Get Amphenol alerts:Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday, March 19th. Robert W. Baird dropped their target price on shares of Amphenol from $93.00 to $91.00 in a research report on Thursday, January 26th. Finally, Truist Financial upped their target price on shares of Amphenol from $84.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, January 23rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and an average price target of $87.10.
Insider Transactions at Amphenol
In other news, insider Jean-Luc Gavelle sold 129,800 shares of the firm's stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $81.64, for a total value of $10,596,872.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Lance E. D'amico sold 25,000 shares of the firm's stock in a transaction dated 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 transaction, the vice president now owns 25,700 shares of the company's stock, valued at approximately $2,112,283. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jean-Luc Gavelle sold 129,800 shares of the firm's stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $81.64, for a total transaction of $10,596,872.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 804,800 shares of company stock worth $65,769,622. 2.10% of the stock is currently owned by insiders.
Amphenol Price Performance
Amphenol stock opened at $74.87 on Wednesday. The firm has a 50-day moving average price of $78.41 and a 200-day moving average price of $77.63. The firm has a market capitalization of $44.57 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 2.92 and a beta of 1.24. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.65. Amphenol Co. has a 12-month low of $61.67 and a 12-month high of $82.86.
Amphenol (NYSE:APH – Get Rating) last released its earnings results on Wednesday, January 25th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.15 billion. Amphenol had a net margin of 15.07% and a return on equity of 27.93%. The business's revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business earned $0.70 EPS. As a group, equities research analysts forecast that Amphenol Co. will post 2.96 EPS for the current year.
Amphenol Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 12th. Stockholders of record on Tuesday, March 21st were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, March 20th. This represents a $0.84 annualized dividend and a dividend yield of 1.12%. Amphenol's dividend payout ratio (DPR) is presently 27.45%.
Amphenol Profile
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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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