Intech Investment Management LLC Raises Stake in Amphenol Co. (NYSE:APH)

Intech Investment Management LLC lifted its holdings in Amphenol Co. (NYSE:APH) by 40.3% in the third quarter, HoldingsChannel reports. The fund owned 32,580 shares of the electronics maker’s stock after buying an additional 9,355 shares during the period. Intech Investment Management LLC’s holdings in Amphenol were worth $2,123,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in APH. B. Riley Wealth Advisors Inc. boosted its position in Amphenol by 0.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock valued at $3,609,000 after buying an additional 80 shares during the period. Industrial Alliance Investment Management Inc. increased its stake in Amphenol by 2.9% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,330 shares of the electronics maker’s stock worth $615,000 after purchasing an additional 150 shares during the period. Fortitude Family Office LLC lifted its position in Amphenol by 13.9% in the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock valued at $84,000 after purchasing an additional 158 shares during the last quarter. New England Capital Financial Advisors LLC lifted its position in Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its stake in shares of 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 period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on APH. Evercore ISI upped 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. Bank of America increased their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Robert W. Baird upped their price target on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen increased their price objective on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Truist Financial boosted their target price on 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 assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

Amphenol Price Performance

APH opened at $74.29 on Monday. Amphenol Co. has a 12-month low of $44.81 and a 12-month high of $74.70. The company has a market cap of $89.56 billion, a price-to-earnings ratio of 42.70, a price-to-earnings-growth ratio of 2.44 and a beta of 1.23. 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 stock has a fifty day simple moving average of $67.65 and a two-hundred day simple moving average of $66.40.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. Amphenol’s revenue was up 26.3% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. Research analysts predict that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

Insider Buying and Selling at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the completion of the transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. The trade was a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Straub sold 132,000 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is owned by insiders.

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.