Elefante Mark B Makes New Investment in Amphenol Co. (NYSE:APH)

Elefante Mark B purchased a new position in Amphenol Co. (NYSE:APH - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 6,895 shares of the electronics maker's stock, valued at approximately $479,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Princeton Global Asset Management LLC boosted its stake in Amphenol by 0.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock worth $1,634,000 after purchasing an additional 136 shares in the last quarter. WASHINGTON TRUST Co lifted its stake in 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 buying an additional 147 shares during the period. Fragasso Financial Advisors Inc increased 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 worth $266,000 after acquiring an additional 171 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of Amphenol by 3.3% in the fourth 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 holdings in shares of Amphenol by 3.5% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock worth $363,000 after acquiring an additional 177 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider William J. Doherty sold 126,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.28, for a total value of $10,115,280.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,178,500 shares of company stock valued at $241,903,805. 1.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on APH. Truist Financial increased their price objective on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. US Capital Advisors set a $85.00 price target on Amphenol in a research report on Thursday, April 24th. Robert W. Baird raised their price objective on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a report on Thursday, April 24th. Finally, UBS Group restated a "buy" rating and set a $85.00 price objective (up previously from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $81.62.

Amphenol Stock Performance

Shares of APH stock traded up $3.57 during trading on Monday, hitting $84.45. The company's stock had a trading volume of 9,849,685 shares, compared to its average volume of 7,517,750. The company has a market cap of $102.15 billion, a PE ratio of 44.10, a P/E/G ratio of 1.92 and a beta of 1.10. 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 business has a fifty day moving average of $68.09 and a 200-day moving average of $69.84. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $84.97.

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

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.78%. Amphenol's dividend payout ratio (DPR) is currently 32.04%.

Amphenol Company 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.