Jackson Square Capital LLC Invests $2.09 Million in Amphenol Co. (NYSE:APH)

Jackson Square Capital LLC bought a new position in Amphenol Co. (NYSE:APH) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 30,018 shares of the electronics maker’s stock, valued at approximately $2,085,000.

A number of other hedge funds have also recently made changes to their positions in the business. Fortitude Family Office LLC raised its position in shares of Amphenol by 13.9% during the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock valued at $84,000 after buying an additional 158 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of 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 in the last quarter. Fragasso Financial Advisors Inc increased its position in Amphenol by 4.7% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock worth $266,000 after purchasing an additional 171 shares during the last quarter. Prestige Wealth Management Group LLC raised its stake in Amphenol by 7.4% during the third quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker’s stock valued at $180,000 after purchasing an additional 189 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC lifted its position in Amphenol by 4.6% during the third quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker’s stock valued at $294,000 after purchasing an additional 199 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of APH stock opened at $69.44 on Friday. The company’s 50-day simple moving average is $71.82 and its two-hundred day simple moving average is $67.74. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. Amphenol Co. has a one year low of $47.76 and a one year high of $75.78. The company has a market capitalization of $83.71 billion, a P/E ratio of 39.91, a P/E/G ratio of 2.01 and a beta of 1.24.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.81 billion. During the same period last year, the business posted $0.39 EPS. Amphenol’s quarterly revenue was up 26.3% on a year-over-year basis. As a group, equities analysts anticipate that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. Amphenol’s dividend payout ratio is currently 37.93%.

Insider Buying and Selling at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the transaction, the vice president now owns 14,000 shares in the company, valued at $963,760. The trade was a 92.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard Adam Norwitt sold 900,672 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total value of $61,975,240.32. Following the transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. The trade was a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on APH. Robert W. Baird upped their target price on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen lifted their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Evercore ISI increased 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. Truist Financial lifted their price objective on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Bank of America increased their target price on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and an average target price of $69.79.

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.