Freestone Grove Partners LP Buys New Position in Amphenol Co. (NYSE:APH)

Freestone Grove Partners LP acquired a new stake in Amphenol Co. (NYSE:APH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 461,490 shares of the electronics maker's stock, valued at approximately $32,050,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Amphenol by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock valued at $10,565,279,000 after purchasing an additional 2,108,578 shares during the last quarter. FMR LLC boosted its stake in Amphenol by 2.6% during the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after acquiring an additional 2,643,752 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after purchasing an additional 15,837,407 shares during the period. Geode Capital Management LLC increased its stake in Amphenol by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock valued at $1,754,672,000 after purchasing an additional 659,560 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Amphenol during the fourth quarter valued at about $1,378,794,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. TD Securities boosted their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Truist Financial boosted their price objective on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, UBS Group reissued a "buy" rating and set a $85.00 target price (up from $78.00) on shares of Amphenol in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and a consensus price target of $81.62.

Insider Activity

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lance E. D'amico sold 175,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company's stock, valued at approximately $3,920,792. The trade was a 77.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,965,000 shares of company stock worth $224,785,900. 1.67% of the stock is currently owned by insiders.

Amphenol Stock Performance

APH traded down $0.62 during trading hours on Tuesday, hitting $79.55. The stock had a trading volume of 2,677,255 shares, compared to its average volume of 8,463,586. The stock has a market cap of $96.22 billion, a PE ratio of 41.54, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company's fifty day simple moving average is $66.82 and its 200 day simple moving average is $69.49. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $81.00.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $4.81 billion for 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 revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 EPS. Equities analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.83%. Amphenol's payout ratio is 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.