Polar Capital Holdings Plc Increases Position in Amphenol Co. (NYSE:APH)

Polar Capital Holdings Plc lifted its holdings in Amphenol Co. (NYSE:APH - Free Report) by 23.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,991,081 shares of the electronics maker's stock after purchasing an additional 567,826 shares during the period. Amphenol makes up 1.2% of Polar Capital Holdings Plc's holdings, making the stock its 14th biggest holding. Polar Capital Holdings Plc owned approximately 0.25% of Amphenol worth $207,731,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Cooper Financial Group increased its position in Amphenol by 19.9% during the fourth quarter. Cooper Financial Group now owns 5,959 shares of the electronics maker's stock worth $414,000 after buying an additional 989 shares during the period. Pines Wealth Management LLC acquired a new stake in Amphenol during the 4th quarter worth $553,000. Oak Thistle LLC grew its position in Amphenol by 72.1% during the 4th quarter. Oak Thistle LLC now owns 22,328 shares of the electronics maker's stock worth $1,551,000 after purchasing an additional 9,357 shares during the last quarter. Community Trust & Investment Co. increased its stake in Amphenol by 1.9% in the fourth quarter. Community Trust & Investment Co. now owns 276,697 shares of the electronics maker's stock valued at $19,217,000 after purchasing an additional 5,164 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its holdings in shares of Amphenol by 2.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 23,151 shares of the electronics maker's stock valued at $1,608,000 after buying an additional 542 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Price Performance

Shares of APH opened at $85.70 on Thursday. The firm has a market capitalization of $103.66 billion, a PE ratio of 44.75, a PEG ratio of 1.92 and a beta of 1.10. 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 company's 50-day moving average is $69.43 and its 200-day moving average is $70.16. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $86.80.

Amphenol (NYSE:APH - Get Free Report) last released 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. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol's revenue was up 47.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 earnings per share. Equities analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a $0.165 dividend. 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 presently 32.04%.

Analyst Ratings Changes

A number of brokerages recently commented on APH. Citigroup raised their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. The Goldman Sachs Group increased 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 upped their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Finally, TD Securities boosted their price target on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $81.62.

Insider Activity

In related news, insider Luc Walter sold 390,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 447,790 shares of the company's stock, valued at $33,991,738.90. This represents a 46.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Craig A. Lampo sold 400,000 shares of the business's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the sale, the chief financial officer now directly owns 100,000 shares in the company, valued at approximately $7,593,000. The trade was a 80.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,178,500 shares of company stock worth $241,903,805. Insiders own 1.67% of the company's stock.

About Amphenol

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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