Caxton Associates LP Makes New Investment in Amphenol Co. (NYSE:APH)

Caxton Associates LP bought a new stake in Amphenol Co. (NYSE:APH - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,646 shares of the electronics maker's stock, valued at approximately $323,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Tacita Capital Inc grew its position in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after buying an additional 296 shares in the last quarter. Sierra Ocean LLC bought a new position in Amphenol in the 4th quarter valued at $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Amphenol in the 4th quarter valued at approximately $28,000. Rakuten Securities Inc. lifted its stake in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in Amphenol during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Ratings Changes

APH has been the topic of a number of analyst reports. Citigroup increased their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Robert W. Baird upped their price target on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research note on Thursday, April 24th. Bank of America boosted their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Finally, Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $81.62.

Amphenol Price Performance

Amphenol stock traded up $1.87 during midday trading on Tuesday, reaching $86.33. 2,376,599 shares of the company were exchanged, compared to its average volume of 7,497,711. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $86.67. The company has a market capitalization of $104.42 billion, a price-to-earnings ratio of 45.08, a P/E/G ratio of 1.92 and a beta of 1.10. The firm's 50-day simple moving average is $68.49 and its 200-day simple moving average is $69.94. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm's revenue was up 47.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 EPS. On average, analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

Insider Transactions at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the sale, the chief executive officer now directly owns 2,002,507 shares in the company, valued at $151,649,855.11. This trade represents a 49.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David M. Silverman sold 87,500 shares of Amphenol stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $80.03, for a total value of $7,002,625.00. Following the transaction, the vice president now directly owns 12,500 shares of the company's stock, valued at approximately $1,000,375. The trade was a 87.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,178,500 shares of company stock valued at $241,903,805. Corporate insiders own 1.67% 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.