Johnson Financial Group Inc. Raises Stock Position in Amphenol Co. (NYSE:APH)

Johnson Financial Group Inc. grew its holdings in Amphenol Co. (NYSE:APH - Free Report) by 8.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,958 shares of the electronics maker's stock after buying an additional 3,765 shares during the period. Johnson Financial Group Inc.'s holdings in Amphenol were worth $3,465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of APH. Norges Bank acquired a new stake in shares of Amphenol in the fourth quarter valued at about $1,378,794,000. Price T Rowe Associates Inc. MD increased its position in Amphenol by 36.8% during 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 last quarter. Wellington Management Group LLP boosted its stake in Amphenol by 619.9% during the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after buying an additional 6,039,845 shares during the period. 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 buying an additional 2,643,752 shares during the period. Finally, Madison Investment Advisors LLC purchased a new position in Amphenol during the fourth quarter worth about $157,749,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Performance

Shares of APH traded up $1.98 during mid-day trading on Thursday, hitting $78.93. 4,095,538 shares of the company's stock were exchanged, compared to its average volume of 8,510,083. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $79.39. The firm has a market capitalization of $95.65 billion, a P/E ratio of 41.24, a P/E/G ratio of 1.92 and a beta of 1.17. The business's 50 day moving average is $65.99 and its two-hundred day moving average is $69.19. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last announced its 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. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The business's quarterly revenue was up 47.7% compared to the same quarter last year. On average, equities analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced 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. This represents a $0.66 annualized dividend and a dividend yield of 0.84%. Amphenol's dividend payout ratio (DPR) is 32.04%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research note on Thursday, April 24th. Bank of America lifted their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. TD Securities upped their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday. Truist Financial lifted 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. Finally, Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amphenol currently has an average rating of "Moderate Buy" and an average price target of $81.62.

Insider Transactions at Amphenol

In related news, insider Luc Walter sold 390,000 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.91, for a total value of $29,604,900.00. Following the completion of the sale, the insider now owns 447,790 shares in the company, valued at $33,991,738.90. This trade represents a 46.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Lance E. D'amico sold 175,000 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,965,000 shares of company stock worth $224,785,900. Company insiders own 1.67% of the company's stock.

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.