Taurus Asset Management LLC Raises Holdings in Amphenol Co. (NYSE:APH)

Taurus Asset Management LLC raised its position in Amphenol Co. (NYSE:APH) by 1.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 335,016 shares of the electronics maker’s stock after purchasing an additional 4,610 shares during the period. Amphenol accounts for approximately 2.1% of Taurus Asset Management LLC’s portfolio, making the stock its 19th biggest holding. Taurus Asset Management LLC’s holdings in Amphenol were worth $21,830,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of APH. TIAA Trust National Association raised its holdings in Amphenol by 4.7% in the 1st quarter. TIAA Trust National Association now owns 2,718 shares of the electronics maker’s stock valued at $314,000 after acquiring an additional 122 shares during the last quarter. Covestor Ltd increased its holdings in shares of Amphenol by 87.6% in the first quarter. Covestor Ltd now owns 559 shares of the electronics maker’s stock valued at $65,000 after purchasing an additional 261 shares during the last quarter. PAX Financial Group LLC purchased a new position in Amphenol during the first quarter worth approximately $651,000. O Shaughnessy Asset Management LLC boosted its stake in Amphenol by 21.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 40,744 shares of the electronics maker’s stock worth $4,700,000 after buying an additional 7,330 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new stake in Amphenol in the 1st quarter valued at $955,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Activity at Amphenol

In related news, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction 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 sale, the chief financial officer now owns 218,116 shares in the company, valued at $14,997,656.16. This represents a 40.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Straub sold 132,000 shares of the 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 1,842,672 shares of company stock valued at $128,858,080 over the last quarter. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on APH shares. Bank of America lifted their price target on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Evercore ISI boosted their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen raised their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Vertical Research began coverage on Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. Finally, Truist Financial increased their price objective on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Trading Down 2.8 %

Shares of NYSE APH opened at $70.52 on Monday. The stock has a fifty day simple moving average of $66.68 and a 200-day simple moving average of $66.05. Amphenol Co. has a twelve month low of $44.44 and a twelve month high of $74.70. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $85.02 billion, a PE ratio of 40.53, a PEG ratio of 2.34 and a beta of 1.23.

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

Amphenol Announces Dividend

The company also recently disclosed 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. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio is presently 37.93%.

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.