Fortune Financial Advisors LLC Raises Stock Position in Amphenol Co. (NYSE:APH)

Fortune Financial Advisors LLC boosted its position in shares of Amphenol Co. (NYSE:APH) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,247 shares of the electronics maker’s stock after acquiring an additional 433 shares during the period. Amphenol accounts for 1.4% of Fortune Financial Advisors LLC’s holdings, making the stock its 23rd biggest position. Fortune Financial Advisors LLC’s holdings in Amphenol were worth $1,545,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of APH. Trifecta Capital Advisors LLC boosted its stake in Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares in the last quarter. Hanson & Doremus Investment Management purchased a new position in shares of Amphenol in the fourth quarter worth $32,000. Continuum Advisory LLC lifted its stake in shares of Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after buying an additional 234 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares during the period. Finally, Sunbelt Securities Inc. raised its stake in Amphenol by 100.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock worth $44,000 after acquiring an additional 324 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Performance

NYSE APH opened at $71.69 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.66. Amphenol Co. has a twelve month low of $50.48 and a twelve month high of $79.39. The stock has a 50-day moving average of $71.99 and a 200 day moving average of $67.97. The stock has a market capitalization of $86.43 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 2.12 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s revenue was up 29.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS. Sell-side analysts anticipate that Amphenol Co. will post 2.17 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.92%. Amphenol’s dividend payout ratio is currently 34.46%.

Analyst Upgrades and Downgrades

APH has been the topic of several research analyst reports. Citigroup boosted their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Bank of America upped their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Truist Financial raised their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Evercore ISI upped their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group raised their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.68.

Insider Activity at Amphenol

In other Amphenol news, insider Peter Straub sold 132,000 shares of Amphenol 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total transaction of $21,468,000.00. Following the sale, the chief financial officer now owns 318,116 shares of the company’s stock, valued at $22,764,380.96. This represents a 48.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 612,000 shares of company stock valued at $44,177,640. Corporate 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.