Amphenol Co. (NYSE:APH) Shares Purchased by Dakota Wealth Management

Dakota Wealth Management boosted its stake in shares of Amphenol Co. (NYSE:APH) by 2.2% in the 4th quarter, Holdings Channel reports. The fund owned 39,923 shares of the electronics maker’s stock after buying an additional 874 shares during the period. Dakota Wealth Management’s holdings in Amphenol were worth $2,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in Amphenol during the second quarter worth $242,000. AE Wealth Management LLC boosted its stake in shares of Amphenol by 154.7% during the 2nd quarter. AE Wealth Management LLC now owns 7,690 shares of the electronics maker’s stock worth $518,000 after acquiring an additional 4,671 shares in the last quarter. 1832 Asset Management L.P. grew its position in shares of Amphenol by 132.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 83,207 shares of the electronics maker’s stock valued at $5,606,000 after acquiring an additional 47,341 shares during the period. Gabelli Funds LLC increased its stake in shares of Amphenol by 100.0% in the 2nd quarter. Gabelli Funds LLC now owns 83,000 shares of the electronics maker’s stock valued at $5,592,000 after purchasing an additional 41,500 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Amphenol by 107.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,041 shares of the electronics maker’s stock worth $195,000 after purchasing an additional 1,576 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Price Performance

NYSE:APH opened at $77.84 on Thursday. The stock has a 50 day moving average price of $71.75 and a 200 day moving average price of $67.79. The stock has a market cap of $93.84 billion, a PE ratio of 44.73, a P/E/G ratio of 1.89 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol Co. has a one year low of $48.52 and a one year high of $78.25.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4,051,810 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. Equities research analysts expect that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Tuesday, December 17th. Amphenol’s payout ratio is presently 37.93%.

Analyst Ratings Changes

Several analysts have commented on APH shares. Truist Financial raised their price objective on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Robert W. Baird boosted their price target on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Citigroup upped their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. TD Cowen boosted their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, 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. Five 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.79.

Insider Activity

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the transaction, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 transaction 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 $963,760. This trade represents a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by company 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.