Axxcess Wealth Management LLC Purchases 9,229 Shares of Amphenol Co. (NYSE:APH)

Axxcess Wealth Management LLC boosted its holdings in Amphenol Co. (NYSE:APH - Free Report) by 131.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,224 shares of the electronics maker's stock after acquiring an additional 9,229 shares during the quarter. Axxcess Wealth Management LLC's holdings in Amphenol were worth $1,608,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of Amphenol by 1.3% in the 3rd quarter. FMR LLC now owns 55,500,422 shares of the electronics maker's stock worth $4,661,480,000 after purchasing an additional 691,964 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Amphenol by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 15,279,911 shares of the electronics maker's stock worth $1,283,360,000 after buying an additional 653,354 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Amphenol by 4.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 13,145,093 shares of the electronics maker's stock valued at $1,104,056,000 after acquiring an additional 564,110 shares during the last quarter. Flossbach Von Storch AG boosted its holdings in shares of Amphenol by 1.9% in the 3rd quarter. Flossbach Von Storch AG now owns 7,908,317 shares of the electronics maker's stock worth $664,220,000 after acquiring an additional 151,058 shares in the last quarter. Finally, Northern Trust Corp grew its position in Amphenol by 6.0% during the 3rd quarter. Northern Trust Corp now owns 6,195,739 shares of the electronics maker's stock worth $520,380,000 after acquiring an additional 351,353 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on APH shares. Truist Financial boosted their price objective on Amphenol from $121.00 to $136.00 and gave the stock a "buy" rating in a research note on Thursday, April 25th. Bank of America raised their price objective on shares of Amphenol from $121.00 to $124.00 and gave the company a "buy" rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. increased their price target on shares of Amphenol from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, April 25th. The Goldman Sachs Group boosted their price objective on shares of Amphenol from $107.00 to $119.00 and gave the stock a "buy" rating in a research report on Thursday, January 25th. Finally, Jefferies Financial Group started coverage on Amphenol in a research report on Tuesday, April 9th. They issued a "hold" rating and a $125.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $118.83.

Amphenol Stock Up 1.8 %

NYSE:APH traded up $2.15 during trading hours on Monday, reaching $124.79. 1,943,255 shares of the stock were exchanged, compared to its average volume of 2,900,315. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.43. Amphenol Co. has a twelve month low of $72.77 and a twelve month high of $124.84. The stock has a market cap of $74.95 billion, a PE ratio of 38.16, a PEG ratio of 3.11 and a beta of 1.27. The firm has a 50 day moving average of $113.91 and a 200 day moving average of $101.58.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.07. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities analysts expect that Amphenol Co. will post 3.35 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 10th. Investors of record on Tuesday, June 18th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.88 annualized dividend and a yield of 0.71%. Amphenol's dividend payout ratio (DPR) is presently 26.91%.

Amphenol declared that its board has approved a stock buyback plan on Wednesday, April 24th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Amphenol

In other news, insider Peter Straub sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D'amico sold 15,000 shares of the company's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the completion of the sale, the vice president now directly owns 25,700 shares in the company, valued at $2,692,075. The disclosure for this sale can be found here. Insiders sold a total of 135,000 shares of company stock worth $14,251,050 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

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.