By otakuyassine3@gmail.com 
Round Rock Advisors LLC decreased its holdings in shares of Amphenol Co. (NYSE:APH – Free Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,857 shares of the electronics maker’s stock after selling 178 shares during the period. Round Rock Advisors LLC’s holdings in Amphenol were worth $1,171,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the business. Blue Trust Inc. increased its holdings in Amphenol by 208.8% in the fourth 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 in the last quarter. Daiwa Securities Group Inc. increased its stake in Amphenol by 50.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock valued at $17,477,000 after purchasing an additional 90,450 shares in the last quarter. LMR Partners LLP raised its holdings in Amphenol by 315.1% during the third quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock worth $19,209,000 after purchasing an additional 223,784 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Amphenol by 22.3% during the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock worth $6,966,000 after purchasing an additional 19,496 shares in the last quarter. Finally, Whalen Wealth Management Inc. acquired a new stake in Amphenol in the third quarter valued at $484,000. 97.01% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
APH has been the topic of several recent research reports. Evercore ISI boosted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Citigroup increased their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Truist Financial lifted their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird upped their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $80.68.
Read Our Latest Stock Analysis on Amphenol
Insider Transactions at Amphenol
In other news, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total value of $12,925,800.00. Following the sale, the vice president now owns 14,000 shares in the company, valued at approximately $1,005,340. The trade was a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 612,000 shares of company stock worth $44,177,640 in the last three months. 1.80% of the stock is currently owned by company insiders.
Amphenol Stock Down 1.3 %
Shares of NYSE:APH opened at $70.75 on Friday. Amphenol Co. has a 12-month low of $50.48 and a 12-month high of $79.39. The stock’s 50-day moving average price is $71.89 and its two-hundred day moving average price is $67.98. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The firm has a market cap of $85.29 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 2.13 and a beta of 1.24.
Amphenol (NYSE:APH – Get Free Report) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol’s revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. On average, research analysts forecast that Amphenol Co. will post 2.25 EPS for the current year.
Amphenol Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.93%. Amphenol’s dividend payout ratio is presently 34.46%.
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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