Catalina Capital Group LLC Buys 733 Shares of Amphenol Co. (NYSE:APH)

Catalina Capital Group LLC boosted its holdings in shares of Amphenol Co. (NYSE:APH) by 20.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,399 shares of the electronics maker’s stock after purchasing an additional 733 shares during the quarter. Catalina Capital Group LLC’s holdings in Amphenol were worth $287,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC boosted its stake in Amphenol by 121.2% during the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 206 shares during the period. New England Capital Financial Advisors LLC raised its holdings in Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 188 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Amphenol in the 2nd quarter valued at approximately $29,000. Trifecta Capital Advisors LLC raised its holdings in Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 338 shares in the last quarter. Finally, Sachetta LLC raised its holdings in Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 249 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on APH shares. Vertical Research started coverage on Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. Evercore ISI upped their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. UBS Group increased their target price on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Robert W. Baird increased their target price on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Bank of America increased their target price on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

Insider Transactions at Amphenol

In other news, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total value of $12,391,200.00. Following the transaction, the vice president now directly owns 14,000 shares in the company, valued at $963,760. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total value of $12,391,200.00. Following the transaction, the vice president now directly owns 14,000 shares in the company, valued at $963,760. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares in the company, valued at $14,997,656.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,630,672 shares of company stock worth $110,992,440 in the last three months. Insiders own 1.80% of the company’s stock.

Amphenol Stock Up 3.5 %

Shares of APH opened at $72.17 on Thursday. The firm has a market capitalization of $87.01 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 2.25 and a beta of 1.23. 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 business’s fifty day moving average price is $65.44 and its two-hundred day moving average price is $65.34. Amphenol Co. has a 52 week low of $41.96 and a 52 week high of $72.36.

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. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. On average, analysts predict that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.91%. Amphenol’s dividend payout ratio is currently 37.93%.

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.