Park Avenue Securities LLC Raises Stake in Amphenol Co. (NYSE:APH)

Park Avenue Securities LLC increased its position in Amphenol Co. (NYSE:APH) by 19.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 59,346 shares of the electronics maker’s stock after acquiring an additional 9,725 shares during the period. Park Avenue Securities LLC’s holdings in Amphenol were worth $4,122,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of APH. Fortitude Family Office LLC raised its holdings in Amphenol by 13.9% in the 3rd quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock valued at $84,000 after acquiring an additional 158 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 166 shares during the last quarter. Fragasso Financial Advisors Inc lifted its position in Amphenol by 4.7% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock worth $266,000 after buying an additional 171 shares during the period. Prestige Wealth Management Group LLC boosted its stake in Amphenol by 7.4% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker’s stock worth $180,000 after buying an additional 189 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC grew its holdings in Amphenol by 4.6% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker’s stock valued at $294,000 after buying an additional 199 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Down 1.5 %

NYSE APH opened at $69.90 on Friday. The stock has a market cap of $84.27 billion, a PE ratio of 40.17, a P/E/G ratio of 2.01 and a beta of 1.24. The business has a 50 day moving average price of $71.99 and a two-hundred day moving average price of $67.72. Amphenol Co. has a fifty-two week low of $47.38 and a fifty-two week high of $75.78. 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 released its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share 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 period last year, the business earned $0.39 EPS. The business’s revenue was up 26.3% on a year-over-year basis. As a group, sell-side analysts predict that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is 37.93%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on APH. Robert W. Baird raised their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Evercore ISI lifted their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Truist Financial upped their price objective on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. TD Cowen lifted their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Bank of America upped their price target on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note 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 company. According to data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Insider Activity at Amphenol

In other Amphenol news, insider Peter Straub sold 132,000 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 150,000 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was 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 directly owns 218,116 shares of the company’s stock, valued at $14,997,656.16. The trade was a 40.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. Insiders own 1.80% of the company’s stock.

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.