Amphenol Co. (NYSE:APH) Shares Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC boosted its position in shares of Amphenol Co. (NYSE:APH) by 176.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,089 shares of the electronics maker’s stock after acquiring an additional 7,084 shares during the period. EP Wealth Advisors LLC’s holdings in Amphenol were worth $723,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beacon Capital Management LLC grew its position in shares of Amphenol by 121.2% during the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 206 shares during the period. New England Capital Financial Advisors LLC grew its holdings in Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares during the period. Sachetta LLC increased its position in shares of Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after buying an additional 249 shares in the last quarter. Trifecta Capital Advisors LLC raised its stake in shares of Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after buying an additional 338 shares during the period. Finally, New Millennium Group LLC purchased a new position in shares of Amphenol during the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

APH has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Bank of America raised their price target on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Truist Financial boosted their price objective on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Evercore ISI raised their target price on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, TD Cowen increased their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Trading Down 1.4 %

Shares of APH stock opened at $72.63 on Wednesday. Amphenol Co. has a twelve month low of $46.82 and a twelve month high of $74.93. The stock has a market cap of $87.56 billion, a price-to-earnings ratio of 41.74, a PEG ratio of 2.47 and a beta of 1.24. The company’s 50-day moving average price is $69.51 and its 200-day moving average price is $67.00. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The business’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 EPS. As a group, equities analysts predict that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be given a $0.165 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. Amphenol’s dividend payout ratio is currently 37.93%.

Insider Activity

In related news, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. This trade represents a 40.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the completion of the sale, the vice president now directly owns 14,000 shares in the company, valued at approximately $963,760. The trade was a 92.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock valued at $128,858,080 in the last quarter. Insiders own 1.80% 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.