Gradient Investments LLC Buys Shares of 253,236 Amphenol Co. (NYSE:APH)

Gradient Investments LLC purchased a new position in shares of Amphenol Co. (NYSE:APH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 253,236 shares of the electronics maker’s stock, valued at approximately $17,587,000.

Other institutional investors and hedge funds have also modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of Amphenol during the second quarter worth $242,000. AE Wealth Management LLC raised its stake in shares of Amphenol by 154.7% in the 2nd quarter. AE Wealth Management LLC now owns 7,690 shares of the electronics maker’s stock valued at $518,000 after purchasing an additional 4,671 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Amphenol by 246.5% in the second quarter. Public Sector Pension Investment Board now owns 45,942 shares of the electronics maker’s stock valued at $3,095,000 after purchasing an additional 32,685 shares in the last quarter. Insigneo Advisory Services LLC boosted its position in shares of Amphenol by 103.1% during the second quarter. Insigneo Advisory Services LLC now owns 5,140 shares of the electronics maker’s stock worth $346,000 after buying an additional 2,609 shares during the period. Finally, AXA S.A. boosted its position in shares of Amphenol by 210.2% during the second quarter. AXA S.A. now owns 126,462 shares of the electronics maker’s stock worth $8,520,000 after buying an additional 85,694 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amphenol

In related 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 directly owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. 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 three months. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on APH shares. Truist Financial boosted their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday. TD Cowen raised their target price on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. The Goldman Sachs Group boosted their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Bank of America raised their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $77.92.

Amphenol Price Performance

Shares of NYSE APH opened at $77.10 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average price is $71.98 and its two-hundred day moving average price is $67.93. The company has a market cap of $92.95 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. Amphenol Co. has a twelve month low of $49.38 and a twelve month high of $79.39.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4,051,810 billion. During the same quarter in the prior year, the business earned $0.82 EPS. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, analysts predict that Amphenol Co. will post 2.17 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.86%. Amphenol’s dividend payout ratio (DPR) is currently 34.46%.

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.