19,552 Shares in Amphenol Co. (NYSE:APH) Acquired by Novem Group

Novem Group bought a new stake in shares of Amphenol Co. (NYSE:APH - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 19,552 shares of the electronics maker's stock, valued at approximately $1,358,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of APH. Blue Trust Inc. grew its position in Amphenol by 208.8% in the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock worth $1,765,000 after acquiring an additional 18,322 shares in the last quarter. Spire Wealth Management lifted its stake in Amphenol by 34.1% during the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock worth $6,836,000 after purchasing an additional 25,007 shares during the last quarter. Consolidated Planning Corp boosted its holdings in shares of Amphenol by 37.0% in the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock worth $1,192,000 after purchasing an additional 4,631 shares in the last quarter. Raiffeisen Bank International AG bought a new position in shares of Amphenol during the 4th quarter valued at about $13,847,000. Finally, Kanawha Capital Management LLC raised its holdings in shares of Amphenol by 4.5% during the 4th quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock valued at $10,547,000 after buying an additional 6,481 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Buying and Selling

In other news, VP David M. Silverman sold 87,500 shares of the company's stock in a transaction dated 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 sale, the vice president now directly owns 12,500 shares of the company's stock, valued at $1,000,375. This represents a 87.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William J. Doherty sold 126,000 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $80.28, for a total transaction of $10,115,280.00. The disclosure for this sale can be found here. Insiders sold a total of 3,178,500 shares of company stock valued at $241,903,805 over the last three months. Corporate insiders own 1.67% of the company's stock.

Amphenol Trading Down 0.2%

NYSE APH opened at $86.26 on Wednesday. The stock has a market cap of $104.34 billion, a P/E ratio of 45.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $86.96. The stock has a 50 day simple moving average of $71.37 and a two-hundred day simple moving average of $70.68. 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 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the firm posted $0.40 earnings per share. The firm's revenue was up 47.7% on a year-over-year basis. On average, analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

Analyst Ratings Changes

Several brokerages have issued reports on APH. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Bank of America increased their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Truist Financial boosted their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Citigroup raised their price objective on Amphenol from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $81.62.

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.

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