Snyder Capital Management L P Boosts Stake in Amphenol Co. (NYSE:APH)

Snyder Capital Management L P lifted its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 7.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,032,085 shares of the electronics maker's stock after purchasing an additional 141,285 shares during the quarter. Amphenol comprises approximately 2.9% of Snyder Capital Management L P's holdings, making the stock its 7th largest holding. Snyder Capital Management L P owned approximately 0.17% of Amphenol worth $141,128,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in Amphenol by 208.8% during the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock valued at $1,765,000 after purchasing an additional 18,322 shares during the last quarter. Spire Wealth Management increased its stake in Amphenol by 34.1% during the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock valued at $6,836,000 after purchasing an additional 25,007 shares during the last quarter. Consolidated Planning Corp increased its holdings in shares of Amphenol by 37.0% in the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock worth $1,192,000 after acquiring an additional 4,631 shares during the period. Pines Wealth Management LLC acquired a new position in Amphenol during the 4th quarter valued at about $553,000. Finally, Kanawha Capital Management LLC grew its position in Amphenol by 4.5% in the 4th quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock worth $10,547,000 after purchasing an additional 6,481 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the sale, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. The trade was a 49.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Craig A. Lampo sold 400,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.93, for a total value of $30,372,000.00. Following the sale, the chief financial officer now directly owns 100,000 shares of the company's stock, valued at $7,593,000. The trade was a 80.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,965,000 shares of company stock worth $224,785,900 in the last 90 days. Company insiders own 1.67% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on APH. The Goldman Sachs Group increased their price objective on Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Citigroup upped their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Bank of America upped 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. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, Truist Financial upped 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. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.58.

Amphenol Trading Down 1.3 %

NYSE APH traded down $0.98 on Wednesday, hitting $75.70. 2,215,758 shares of the company were exchanged, compared to its average volume of 8,511,349. The company's 50 day moving average price is $65.80 and its 200-day moving average price is $69.13. 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 firm has a market capitalization of $91.73 billion, a P/E ratio of 39.53, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 EPS. Analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.87%. Amphenol's dividend payout ratio is 32.04%.

Amphenol 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.