Oppenheimer & Co. Inc. raised its holdings in Amphenol Co. (NYSE:APH – Free Report) by 1.5% during the third quarter, Holdings Channel.com reports. The firm owned 54,060 shares of the electronics maker’s stock after purchasing an additional 816 shares during the period. Oppenheimer & Co. Inc.’s holdings in Amphenol were worth $3,523,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Aptus Capital Advisors LLC increased its position in shares of Amphenol by 2.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 9,566 shares of the electronics maker’s stock worth $623,000 after purchasing an additional 218 shares during the last quarter. Cumberland Partners Ltd boosted its stake in Amphenol by 1,423.7% during the third quarter. Cumberland Partners Ltd now owns 69,330 shares of the electronics maker’s stock worth $4,518,000 after buying an additional 64,780 shares during the period. Aigen Investment Management LP raised its stake in shares of Amphenol by 22.2% in the 3rd quarter. Aigen Investment Management LP now owns 36,100 shares of the electronics maker’s stock valued at $2,352,000 after acquiring an additional 6,554 shares during the period. Prime Capital Investment Advisors LLC lifted its holdings in shares of Amphenol by 4.6% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker’s stock worth $294,000 after acquiring an additional 199 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Amphenol by 25.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock worth $347,297,000 after acquiring an additional 1,073,480 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on APH. TD Cowen boosted their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Robert W. Baird boosted their price objective on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Bank of America raised their target price on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Evercore ISI boosted their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Truist Financial raised their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” 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. Based on data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $69.63.
Amphenol Price Performance
Shares of APH opened at $70.51 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The firm’s fifty day simple moving average is $66.46 and its 200-day simple moving average is $65.90. The firm has a market capitalization of $85.01 billion, a price-to-earnings ratio of 40.52, a PEG ratio of 2.40 and a beta of 1.23. Amphenol Co. has a twelve month low of $44.44 and a twelve month high of $74.70.
Amphenol (NYSE:APH – Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (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 the consensus estimate of $3.81 billion. During the same period in the previous year, the business earned $0.39 EPS. Amphenol’s revenue for the quarter was up 26.3% on a year-over-year basis. Equities analysts forecast that Amphenol Co. will post 1.84 EPS for the current fiscal year.
Amphenol Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.94%. Amphenol’s dividend payout ratio is currently 37.93%.
Insiders Place Their Bets
In other Amphenol news, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 14,000 shares in the company, valued at approximately $963,760. The trade was a 92.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by corporate insiders.
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.
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