Amphenol Co. (NYSE:APH) Shares Purchased by Stephens Inc. AR

Stephens Inc. AR boosted its holdings in Amphenol Co. (NYSE:APH) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 307,368 shares of the electronics maker’s stock after buying an additional 24,146 shares during the quarter. Stephens Inc. AR’s holdings in Amphenol were worth $20,028,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp raised its stake in Amphenol by 61.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock valued at $13,458,000 after purchasing an additional 75,753 shares during the period. United Services Automobile Association boosted its position in Amphenol by 102.0% during the 2nd quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock worth $2,154,000 after acquiring an additional 16,149 shares during the period. Choreo LLC increased its holdings in shares of Amphenol by 556.7% in the 2nd quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock valued at $2,732,000 after purchasing an additional 34,309 shares during the period. Angeles Wealth Management LLC increased its holdings in shares of Amphenol by 102.4% in the 2nd quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock valued at $258,000 after purchasing an additional 1,936 shares during the period. Finally, Czech National Bank increased its stake in Amphenol by 7.2% in the 3rd quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock valued at $15,985,000 after buying an additional 16,425 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Down 2.0 %

Shares of APH stock opened at $67.01 on Friday. Amphenol Co. has a 12 month low of $39.75 and a 12 month high of $71.20. The firm has a market cap of $80.79 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24. The stock has a 50 day moving average of $65.21 and a 200-day moving average of $64.89. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same period in the previous year, the company earned $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 predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.98%. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

Insider Transactions at Amphenol

In related news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Richard Adam Norwitt sold 900,672 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total value of $61,975,240.32. Following the completion of 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William J. Doherty sold 300,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,630,672 shares of company stock worth $110,992,440 over the last three months. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on APH shares. UBS Group upped their target price on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Truist Financial boosted their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. 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 report on Thursday, October 24th. Vertical Research started coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Finally, Robert W. Baird raised their target price on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Five 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.63.

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.