Amphenol Co. (NYSE:APH) Shares Acquired by Segment Wealth Management LLC

Segment Wealth Management LLC boosted its stake in Amphenol Co. (NYSE:APH) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,335 shares of the electronics maker’s stock after acquiring an additional 507 shares during the period. Segment Wealth Management LLC’s holdings in Amphenol were worth $10,510,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. XTX Topco Ltd purchased a new position in Amphenol during the 2nd quarter worth approximately $242,000. Intech Investment Management LLC grew its position in shares of Amphenol by 80.2% during the second quarter. Intech Investment Management LLC now owns 23,225 shares of the electronics maker’s stock worth $1,565,000 after acquiring an additional 10,337 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Amphenol by 12.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 246,615 shares of the electronics maker’s stock valued at $16,614,000 after acquiring an additional 27,159 shares during the period. AE Wealth Management LLC raised its position in 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 last quarter. Finally, Pacer Advisors Inc. grew its position in Amphenol by 79.4% during the 2nd quarter. Pacer Advisors Inc. now owns 139,065 shares of the electronics maker’s stock worth $9,369,000 after purchasing an additional 61,559 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Down 0.6 %

APH opened at $69.44 on Tuesday. Amphenol Co. has a one year low of $47.76 and a one year high of $75.78. The company has a market capitalization of $83.71 billion, a PE ratio of 39.91, a P/E/G ratio of 2.01 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. The stock’s fifty day moving average is $71.82 and its 200-day moving average is $67.75.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.81 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. On average, equities analysts predict 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. Investors of record on Tuesday, December 17th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.95%. The ex-dividend date was Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 37.93%.

Analysts Set New Price Targets

APH has been the subject of several recent research reports. Robert W. Baird increased their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Evercore ISI increased their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Citigroup raised their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday. Truist Financial boosted their price target on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Bank of America raised their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.79.

Insider Buying and Selling at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the transaction, the vice president now owns 14,000 shares in the company, valued at $1,005,340. This represents a 92.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were 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 worth $128,858,080 over the last ninety days. Corporate 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.