Benjamin Edwards Inc. Buys 427,734 Shares of Amphenol Co. (NYSE:APH)

Benjamin Edwards Inc. grew its stake in Amphenol Co. (NYSE:APH - Free Report) by 194.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 647,896 shares of the electronics maker's stock after acquiring an additional 427,734 shares during the period. Benjamin Edwards Inc. owned 0.05% of Amphenol worth $44,994,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Princeton Global Asset Management LLC raised its position in Amphenol by 0.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock valued at $1,634,000 after purchasing an additional 136 shares in the last quarter. WASHINGTON TRUST Co raised its holdings in shares of Amphenol by 23.0% in the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock valued at $55,000 after acquiring an additional 147 shares in the last quarter. Fragasso Financial Advisors Inc raised its holdings in shares of Amphenol by 4.7% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock valued at $266,000 after acquiring an additional 171 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in Amphenol by 3.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock worth $381,000 after acquiring an additional 173 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC increased its position in Amphenol by 3.5% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock valued at $363,000 after purchasing an additional 177 shares during the period. Institutional investors own 97.01% of the company's stock.

Amphenol Trading Up 2.7 %

NYSE APH opened at $80.76 on Friday. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $81.00. The company has a fifty day simple moving average of $66.53 and a two-hundred day simple moving average of $69.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock has a market cap of $97.69 billion, a P/E ratio of 42.17, a P/E/G ratio of 1.92 and a beta of 1.10.

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

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is presently 32.04%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on APH shares. Robert W. Baird increased their price objective on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. TD Securities boosted their price target on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday. US Capital Advisors set a $85.00 target price on Amphenol in a research note on Thursday, April 24th. Finally, Truist Financial increased their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $81.62.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Lance E. D'amico sold 175,000 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $76.28, for a total value of $13,349,000.00. Following the sale, the vice president now directly owns 51,400 shares of the company's stock, valued at approximately $3,920,792. This represents a 77.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction dated 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 transaction, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at $151,649,855.11. The trade was a 49.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,965,000 shares of company stock worth $224,785,900. Company insiders own 1.67% of the company's stock.

About Amphenol

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.

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