Strategic Global Advisors LLC Buys 4,587 Shares of Amphenol Co. (NYSE:APH)

Strategic Global Advisors LLC boosted its holdings in Amphenol Co. (NYSE:APH - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,804 shares of the electronics maker's stock after acquiring an additional 4,587 shares during the quarter. Amphenol accounts for about 1.5% of Strategic Global Advisors LLC's investment portfolio, making the stock its 21st biggest position. Strategic Global Advisors LLC's holdings in Amphenol were worth $8,043,000 as of its most recent SEC filing.

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

Amphenol Stock Performance

Shares of APH traded up $0.16 on Friday, reaching $85.42. The company's stock had a trading volume of 1,848,266 shares, compared to its average volume of 8,269,559. The stock's 50 day simple moving average is $72.25 and its two-hundred day simple moving average is $70.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock has a market capitalization of $103.32 billion, a P/E ratio of 44.61, a PEG ratio of 1.92 and a beta of 1.10. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $87.22.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. The business had revenue of $4.81 billion for 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 company's revenue was up 47.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS. Research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

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. 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 0.77%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Insider Buying and Selling

In other Amphenol news, VP David M. Silverman sold 87,500 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 12,500 shares in the company, valued at $1,000,375. This represents a 87.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Luc Walter sold 390,000 shares of the firm's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the sale, the insider now owns 447,790 shares in the company, valued at $33,991,738.90. The trade was a 46.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,178,500 shares of company stock valued at $241,903,805. 1.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on APH. TD Securities raised their price objective on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. The Goldman Sachs Group raised their target price on Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Truist Financial lifted their target price on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Citigroup upped their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, UBS Group reissued 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 and eight have issued a buy rating to the company. According to MarketBeat.com, Amphenol currently has an average rating of "Moderate Buy" and a consensus 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.