NorthRock Partners LLC increased its holdings in Amphenol Co. (NYSE:APH - Free Report) by 178.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,254 shares of the electronics maker's stock after acquiring an additional 5,930 shares during the period. NorthRock Partners LLC's holdings in Amphenol were worth $643,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Amphenol by 208.8% in the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock valued at $1,765,000 after buying an additional 18,322 shares during the last quarter. Spire Wealth Management increased its stake in Amphenol by 34.1% in the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock valued at $6,836,000 after buying an additional 25,007 shares during the last quarter. Consolidated Planning Corp increased its stake in Amphenol by 37.0% in the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock valued at $1,192,000 after buying an additional 4,631 shares during the last quarter. Kanawha Capital Management LLC increased its stake in Amphenol by 4.5% in 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 during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Amphenol in the 4th quarter valued at about $53,030,000. Institutional investors and hedge funds own 97.01% of the company's stock.
Analyst Ratings Changes
APH has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Robert W. Baird increased their target price on shares of 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 shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research report on Thursday, April 24th. Bank of America raised their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Finally, Truist Financial raised their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Five research 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 stock. Based on data from MarketBeat.com, Amphenol currently has a consensus rating of "Moderate Buy" and an average target price of $81.62.
Get Our Latest Analysis on Amphenol
Insider Buying and Selling
In other Amphenol news, insider Luc Walter sold 390,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the completion of the sale, the insider now owns 447,790 shares of the company's stock, valued at $33,991,738.90. The trade was a 46.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction 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 in the company, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,178,500 shares of company stock worth $241,903,805. Corporate insiders own 1.67% of the company's stock.
Amphenol Price Performance
NYSE:APH traded down $0.61 during trading hours on Monday, hitting $86.27. The stock had a trading volume of 8,316,036 shares, compared to its average volume of 7,526,263. The company has a 50 day simple moving average of $70.41 and a two-hundred day simple moving average of $70.44. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a one year low of $54.77 and a one year high of $86.96. The firm has a market capitalization of $104.35 billion, a price-to-earnings ratio of 45.05, a P/E/G ratio of 1.92 and a beta of 1.10.
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, beating 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 firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the firm earned $0.40 EPS. The business's quarterly revenue was up 47.7% compared to the same quarter last year. 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. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.
About Amphenol
(
Free Report)
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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