Amphenol Co. (NYSE:APH) Shares Purchased by Inspire Advisors LLC

Inspire Advisors LLC boosted its stake in shares of Amphenol Co. (NYSE:APH) by 7.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,628 shares of the electronics maker’s stock after purchasing an additional 713 shares during the quarter. Inspire Advisors LLC’s holdings in Amphenol were worth $693,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC acquired a new stake in shares of Amphenol in the 4th quarter worth approximately $789,000. Massmutual Trust Co. FSB ADV grew its holdings in Amphenol by 4.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 2,623 shares of the electronics maker’s stock valued at $303,000 after purchasing an additional 121 shares during the last quarter. Perpetual Ltd increased its position in shares of Amphenol by 8.3% in the first quarter. Perpetual Ltd now owns 5,492 shares of the electronics maker’s stock valued at $634,000 after buying an additional 419 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Amphenol by 0.6% during the 1st quarter. Gulf International Bank UK Ltd now owns 51,170 shares of the electronics maker’s stock worth $5,902,000 after buying an additional 313 shares during the last quarter. Finally, MJP Associates Inc. ADV acquired a new stake in Amphenol in the 1st quarter valued at about $394,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Performance

NYSE APH opened at $67.46 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. Amphenol Co. has a 1-year low of $39.34 and a 1-year high of $70.84. The firm has a market capitalization of $81.03 billion, a P/E ratio of 41.39, a P/E/G ratio of 2.56 and a beta of 1.24. The business’s 50-day simple moving average is $64.76 and its 200-day simple moving average is $64.22.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the previous year, the company posted $0.72 earnings per share. Amphenol’s revenue was up 18.2% compared to the same quarter last year. Equities analysts predict that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.98%. The ex-dividend date was Tuesday, September 17th. Amphenol’s dividend payout ratio (DPR) is presently 40.49%.

Insiders Place Their Bets

In related news, CEO Richard Adam Norwitt sold 750,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $124,875,089.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at $124,875,089.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,516,000 shares of company stock worth $98,236,640 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

APH has been the subject of a number of research reports. Vertical Research began coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price for the company. Truist Financial upped their target price on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Bank of America dropped their price target on Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. UBS Group upped their price objective on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Robert W. Baird cut their target price on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

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.