R Squared Ltd Buys Shares of 4,170 Amphenol Co. (NYSE:APH)

R Squared Ltd purchased a new position in shares of Amphenol Co. (NYSE:APH) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,170 shares of the electronics maker’s stock, valued at approximately $290,000.

A number of other hedge funds have also made changes to their positions in APH. Fortitude Family Office LLC boosted its stake in Amphenol by 13.9% during the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock worth $84,000 after buying an additional 158 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares during the period. Fragasso Financial Advisors Inc boosted its position in shares of Amphenol by 4.7% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after acquiring an additional 171 shares in the last quarter. AlphaMark Advisors LLC increased its stake in Amphenol by 0.5% in the fourth quarter. AlphaMark Advisors LLC now owns 34,209 shares of the electronics maker’s stock valued at $2,376,000 after acquiring an additional 180 shares during the period. Finally, Prestige Wealth Management Group LLC raised its position in Amphenol by 7.4% in the third quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker’s stock worth $180,000 after purchasing an additional 189 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on APH. Citigroup upped their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Robert W. Baird upped their price target on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Truist Financial lifted their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Bank of America upped their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Finally, TD Cowen lifted their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Trading Up 1.7 %

Shares of NYSE APH opened at $68.63 on Wednesday. Amphenol Co. has a 1-year low of $49.97 and a 1-year high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average of $72.07 and a two-hundred day moving average of $67.97. The company has a market cap of $82.74 billion, a PE ratio of 35.84, a P/E/G ratio of 2.12 and a beta of 1.24.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. As a group, equities analysts expect that Amphenol Co. will post 2.17 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were given 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 0.96%. Amphenol’s payout ratio is 34.46%.

Insiders Place Their Bets

In other Amphenol news, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 300,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total value of $21,468,000.00. Following the completion of the transaction, the chief financial officer now owns 318,116 shares in the company, valued at $22,764,380.96. This represents a 48.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 612,000 shares of company stock valued at $44,177,640. 1.80% of the stock is currently owned by insiders.

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.